Market Overview

Meritage Homes Prices 2.2M Share Offering at $45.75/Share


Meritage Homes Corporation (NYSE: MTH)announced today that it has priced a registered public offering of 2,200,000 shares of its common stock at $45.75per share, for net proceeds of approximately $95.9 million after underwriting discounts and estimated offering expenses (or approximately $110.3 million if the underwriters' option to purchase additional shares is exercised in full). As part of the offering, the Company granted the underwriters a 30-day option to purchase up to 330,000 additional shares.The offering is expected to close on January 15, 2014, subject to customary closing conditions. The Company plans to use the proceeds received from the offering for working capital, potential expansion into new markets and/or expansion of existing markets, including the possible acquisition of other homebuilders or assets, and general corporate purposes. Citigroup, Deutsche Bank Securities, J.P. Morgan and BofA Merrill Lynch acted as joint book-running managers for the offering. The offering was made pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.Shares of the Company's common stock were offered only pursuant to a prospectus and prospectus supplement that form a part of the registration statement, which are available on

See full press release

Posted-In: News Guidance Offerings Contracts Management Global


Related Articles (MTH)

View Comments and Join the Discussion!

Partner Center