MERITAGE HOMES CORPORATION (NYSE:MTH) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01
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ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
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its unsecured revolving credit agreement (the Credit Agreement)
and increased the total commitments by $40 million, from $500
million to $540 million, effective December 22, 2016. As of the
date of the increase, $65 million borrowings were outstanding
under the Credit Agreement, and the Company had outstanding
letters of credit totaling approximately $38 million, leaving
$437 million available under the Credit Agreement to be drawn.
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ITEM 2.03
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CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION
UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT |
reference into this Item 2.03.
About MERITAGE HOMES CORPORATION (NYSE:MTH)
Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family detached homes. It operates in two segments: homebuilding and financial services. It offers a range of homes that are designed to offer to a range of homebuyers. It has homebuilding operations in over three regions: West, which includes Arizona, California Central and East; Central region, which includes Texas, and the East region includes Florida, Georgia, North Carolina, South Carolina and Tennessee. Its homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. Its homebuilding and marketing activities are conducted under the Meritage Homes brand, other than in Tennessee, where it operates under the Phillips Builders brand, and in the Atlanta and Greenville markets, where it operates under the Legendary Communities brand. MERITAGE HOMES CORPORATION (NYSE:MTH) Recent Trading Information
MERITAGE HOMES CORPORATION (NYSE:MTH) closed its last trading session down -0.20 at 35.85 with 132,297 shares trading hands.
