Meritage Homes to price $300 million 10-year bullet on Thursday

By Paul A. Harris

Portland, Ore., March 1 – Meritage Homes Corp. plans to price a $300 million offering of 10-year senior bullet notes (existing ratings Ba2/BB) in a quick-to-market Thursday trade following a late-morning conference call with investors, according to a market source.

J.P. Morgan Securities LLC, RBC Capital Markets LLC, Citigroup Global Markets Inc., BofA Merrill Lynch, Mizuho Securities, PNC Capital Markets, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are the joint bookrunners for the Rule 144A for life offering.

The Scottsdale, Ariz.-based real estate developer plans to use the proceeds to repay its 4½% notes due 2018 and for general corporate purposes.

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