News: Meritage Homes Corp (MTH.N)

MTH.N on New York Stock Exchange

50.07USD
24 May 2013
Price Change (% chg)

$-0.18 (-0.36%)
Prev Close
$50.25
Open
$50.06
Day's High
$50.30
Day's Low
$49.21
Volume
54,715
Avg. Vol
132,454
52-wk High
$52.91
52-wk Low
$25.04

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Wed, Feb 27 2013

TEXT-Fitch rates Meritage's proposed $150MM sr. unsecured notes offering 'BB-/RR3'

Feb 27 - Fitch Ratings has assigned a 'BB-/RR3' rating to Meritage Homes Corporation's (NYSE: MTH) proposed offering of $150 million principal amount of senior unsecured notes due 2018. This issue will be rated on a pari passu basis with all other senior unsecured debt. Net proceeds from the notes offering will be used to repurchase or redeem all of the company's existing 7.731% senior subordinated notes due 2017, pay related premiums, fees and expenses and for general corporate purposes.

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