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, 2020

Schedule of Senior and Convertible Senior Notes

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


	At December 31,
	2020		2019

7.00% senior notes due 2022	$	300,000	$	300,000
6.00% senior notes due 2025. At December 31, 2020 and December 31, 2019 there was approximately $3,614 and $4,432 in net unamortized premium, respectively. (1)	403,614		404,432
5.125% senior notes due 2027	300,000		300,000

Net debt issuance costs	(6,623)		(8,327)
Total	$	996,991	$	996,105

(1)$200.0 million of the total $400.0 million of 6.00% Senior Notes due 2025 outstanding at December 31, 2020 was issued at par and had no unamortized premium.

Schedule of Principal Maturities of Senior and Senior Convertible Notes

Scheduled principal maturities of our senior and notes as of December 31, 2020 follow (in thousands):


Year Ended December 31,
2021	$	—
2022	300,000
2023	—
2024	—
2025	400,000
Thereafter	300,000
Total	$	1,000,000

- 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