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Meritage Homes pricing $100 million tap of 7.15% senior notes due 2020 on Thursday
By Paul A. Harris
Portland, Ore., Nov. 21 - Meritage Homes Corp. plans to price a $100 million add-on to its non-callable 7.15% senior notes due April 15, 2020 on Thursday following a morning conference call with investors, according to a syndicate source.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and BofA Merrill Lynch are the joint bookrunners for the Rule 144A and Regulation S with registration rights offering.
The Scottsdale, Ariz.-based homebuilder plans to use the proceeds for general corporate purposes, including the acquisition and development of land and home construction.
The original $200 million issue priced at 97.567 to yield 7½% in April 2010.
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