---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-132571"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:24:18.887358+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes prices $500M 1.75% convertible notes due 2028, redeems 6% senior notes due 2025

## Summary
- $500M aggregate principal of 1.75% Convertible Senior Notes due 2028 priced on May 6, 2024.
- Underwriters granted a 13-day option to purchase up to $75M additional notes.
- Net proceeds ~$484.8M (or ~$557.8M with greenshoe) to redeem 6% Senior Notes due 2025, general corporate purposes.
- Initial conversion rate 4.3048 shares/$1,000 ($232.30 per share, 32.5% premium over $175.32 stock price).
- Capped call transactions entered with cap price $350.64 per share to offset dilution upon conversion.

## SEC filing metadata
- accession: 0001193125-24-132571
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000119312524132571/0001193125-24-132571-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000119312524132571/d835354d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-132571
- JSON: https://secwatch.observer/filing/0001193125-24-132571.json
- Plain text: https://secwatch.observer/filing/0001193125-24-132571.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.