Meritage Homes plans to pay down credit facility with sale of notes

By Wendy Van Sickle

Columbus, Ohio, May 28 – Meritage Homes Corp. plans to pay off borrowings under its revolving credit facility with some proceeds from a senior note offering, the company announced Thursday in a press release.

Proceeds from the offering of $200 million in notes due 2025 will also be used for general corporate purposes, the company said.

Meritage is a real estate development company based in Scottsdale, Ariz.

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