Meritage Homes Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

SENIOR NOTES, NET (Tables)

SENIOR NOTES, NET (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Senior and Convertible Senior Notes

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


	At December 31,
	2025		2024
5.125% senior notes due 2027 ("2027 Notes")	300,000		300,000
1.750% convertible senior notes due 2028 ("2028 Convertible Notes")	575,000		575,000
3.875% senior notes due 2029 ("2029 Notes")	450,000		450,000
5.650% senior notes due 2035 ("2035 Notes"). At December 31, 2025, there was $2,571 in net unamortized discount.	497,429		—
Net debt issuance costs	(17,703)		(18,465)
Total	$	1,804,726	$	1,306,535

Schedule of Principal Maturities of Senior and Senior Convertible Notes

Scheduled principal maturities of our senior and convertible senior notes as of December 31, 2025 follow (in thousands):


Year Ended December 31,
2026	—
2027	300,000
2028	575,000
2029	450,000
2030	—
Thereafter	500,000
Total	$	1,825,000

- 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