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Meritage plans to redeem 1.875% convertibles in September
New York, Aug. 1 – Meritage Homes Corp. plans to redeem its 1.875% convertible senior notes due Sept. 15, 2032 on their first call date in September, according to a news release.
Funding will come from the company’s offering of $300 million of 5.125% senior notes due 2027 priced on May 22.
The company has already purchased $52 million of the convertibles using proceeds from the new notes.
Meritage is a Scottsdale, Ariz., homebuilder.
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