Meritage Homes Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SENIOR NOTES, NET (Tables)

SENIOR NOTES, NET (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Senior and Convertible Senior Notes

Senior and convertible senior notes, net consist of the following (in thousands):


	At December 31,
	2024		2023

6.00% senior notes due 2025. At December 31, 2023 there was approximately $994 in net unamortized premium.	—		250,994
5.125% senior notes due 2027 ("2027 Notes")	300,000		300,000
1.750% convertible senior notes due 2028 ("2028 Convertible Notes")	575,000		—
3.875% senior notes due 2029 ("2029 Notes")	450,000		450,000
Net debt issuance costs	(18,465)		(6,305)
Total	$	1,306,535	$	994,689

Schedule of Principal Maturities of Senior and Senior Convertible Notes

Scheduled principal maturities of our senior and convertible senior notes as of December 31, 2024 follow (in thousands):


Year Ended December 31,
2025	—
2026	—
2027	300,000
2028	575,000
2029	450,000
Thereafter	—
Total	$	1,325,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details