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, 2018

Schedule of Senior and Convertible Senior Notes

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



	At December 31,
	2018			2017
4.50% senior notes due 2018	$	—		$	175,000
7.15% senior notes due 2020. At December 31, 2018 and December 31, 2017 there was approximately $711 and $1,280 in net unamortized premium, respectively	300,711			301,280
7.00% senior notes due 2022	300,000			300,000
6.00% senior notes due 2025. At December 31, 2018 there was approximately $5,318 in net unamortized premium. (1)	405,318			200,000
5.125% senior notes due 2027	300,000			300,000
Net debt issuance costs	(10,745		)	(9,830		)
Total	$	1,295,284		$	1,266,450

Schedule of Principal Maturities of Senior and Senior Convertible Notes

Scheduled principal maturities of our senior and notes as of December 31, 2018 follow (in thousands):



Year Ended December 31,
2019	$	—
2020	300,000
2021	—
2022	300,000
2023	—
Thereafter	700,000
Total	$	1,300,000

- 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