Meritage Homes expands revolver to $540 million via accordion feature

By Wendy Van Sickle

Columbus, Ohio, Dec. 23 – Meritage Homes Corp. exercised the accordion feature under its unsecured revolving credit agreement to increase the total commitments by $40 million to $540 million on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

As of Thursday, $65 million of borrowings were outstanding, leaving $437 million available under the revolver.

The real estate development company is based in Scottsdale, Ariz.

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