Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Meritage Homes CORP incurred convertible notes of $575 million aggregate principal amount with Regions Bank, as trustee at 1.75% per year maturing May 15, 2028.
- Instrument
- convertible notes
- Principal
- $575 million aggregate principal amount
- Counterparty
- Regions Bank, as trustee
- Rate
- 1.75% per year
- Maturity
- May 15, 2028
- Event
- incurrence
Exact text from the filing
On May 9, 2024, Meritage Homes Corporation ("Meritage" or the "Company") issued $575 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028 (the "Notes"), which includes the exercise in full of the $75 million option granted to the initial purchasers of the Notes (the "Initial Purchasers"), pursuant to an Indenture, dated as of May 9, 2024 (the "Indenture"), among the Company, the Subsidiary Guarantors from time to time party thereto (as defined below) and Regions Bank, as trustee (the "Trustee").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Meritage Homes CORP entered into Indenture with Regions Bank valued at $575 million aggregate principal amount (effective 2024-05-09).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- Regions Bank
- Value
- $575 million aggregate principal amount
- Effective
- 2024-05-09
Exact text from the filing
☐ ITEM 1.01 ENTRY INTO MATERIAL DEFINITIVE AGREEMENT Indenture and Notes On May 9, 2024, Meritage Homes Corporation (“Meritage” or the “Company”) issued $575 million aggregate principal amount of 1.75% Convertible Senior Notes due 2028 (the “Notes”), which includes the exercise in full of the $75 million option granted to the initial purchasers of the Notes (the “Initial Purchasers”), pursuant to an Indenture, dated as of May 9, 2024 (the “Indenture”), among the Company, the Subsidiary Guarantors from time to time party thereto (as defined below) and Regions Bank, as trustee (the “Trustee”).
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