---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-135316"
form_type: "8-K"
ticker: "MTH"
cik: "0000833079"
company_name: "Meritage Homes CORP"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:48:54.672207+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Meritage Homes closes $575M 1.75% convertible senior notes offering due 2028

## Summary
- $575M aggregate principal, 1.75% interest, due May 15, 2028.
- Initial conversion price ~$232.30/share; capped call with cap $350.64/share to reduce dilution.
- Net proceeds ~$557.8M; ~$250.6M to redeem outstanding 6.00% Senior Notes due 2025.
- Notes are senior unsecured, guaranteed by certain subsidiaries; not redeemable by company before maturity.
- Maximum of ~3.28M shares issuable upon conversion based on max conversion rate.

## SEC filing metadata
- accession: 0001193125-24-135316
- form_type: 8-K
- ticker: MTH
- cik: 0000833079
- company_name: Meritage Homes CORP
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833079/000119312524135316/0001193125-24-135316-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833079/000119312524135316/d811033d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135316
- JSON: https://secwatch.observer/filing/0001193125-24-135316.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135316.txt

## Key facts
- Debt Financings
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000119312524135316/0001193125-24-135316-index.htm
- Material Agreements
  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
  source text: ☐ 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/833079/000119312524135316/0001193125-24-135316-index.htm

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