meritage homes corp (MTH) Key Developments
Meritage Homes Closes Senior Notes Private Offering
Jun 3 15
Meritage Homes Corporation announced that it closed a private placement of $200 million aggregate principal amount of 6.00% senior unsecured notes due June 1, 2025. The transaction generated around $197.5 million in net proceeds. The company plans to use net proceeds from the offering for general corporate purposes, including the repayment of outstanding borrowings under its unsecured revolving credit facility.
Meritage Homes Corporation Announces Offering of $200 Million of Senior Unsecured Notes Due 2025
May 28 15
Meritage Homes Corporation announced its intention to offer, subject to market and other conditions, $200 million aggregate principal amount of senior unsecured notes due 2025 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act) and outside the United States to persons other than U.S. persons in reliance upon Regulation S under the Securities Act. Final terms of the notes, including the interest rate, maturity date and other terms, will be determined through negotiations between Meritage and the initial purchasers of the notes. Meritage intends to use the net proceeds for general corporate purposes, including the repayment of outstanding borrowings under the company’s unsecured revolving credit facility.
Meritage Homes Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 10:00 AM
May 26 15
Meritage Homes Corporation Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-03-2015 10:00 AM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Larry W. Seay, Chief Financial Officer and Executive Vice President.
Meritage Homes Corporation Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
Meritage Homes Corporation reported un-audited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total closing revenue of $518.7 million compared to $408.3 million, financial services profit of $3.8 million compared to $3.0 million, loss from other unconsolidated entities, net of $0.1 million compared to $0.2 million, earnings before income taxes of $25.3 million compared to $39.8 million and net earnings of $16.4 million or $0.40 per diluted share compared to $25.4 million or $0.62 per diluted share for the last year. Net cash used in operating activities was $38.2 million compared to $129.5 million and purchases of property and equipment was $4.6 million compared to $7.0 million for the last year. Net earnings primarily reflects lower home closing margins on higher home closing revenues; and higher selling, general and administrative expenses.
Meritage Homes Corporation Presents at 2015 Wells Fargo Industrial and Construction Conference, May-06-2015 08:35 AM
Apr 20 15
Meritage Homes Corporation Presents at 2015 Wells Fargo Industrial and Construction Conference, May-06-2015 08:35 AM. Venue: The New York Palace, 455 Madison Avenue, New York, NY 10022, United States. Speakers: Brent Anderson, Vice President of Investor Relations, Hilla Sferruzza, Chief Accounting Officer, Vice President and Corporate Controller, Larry W. Seay, Chief Financial Officer and Executive Vice President.