The investment-grade senior notes are due 2035

Davis Polk advised the representatives of the several underwriters in connection with an offering of $500 million aggregate principal amount of 5.650% senior notes due 2035 issued by Meritage Homes Corporation. The notes are fully and unconditionally guaranteed by certain subsidiaries of Meritage Homes.

Meritage Homes is the fifth-largest public homebuilder in the United States, based on homes closed in 2023, and offers energy-efficient and affordable entry-level and first move-up homes. Its operations span Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

The Davis Polk corporate team included partner Michael Kaplan and associate Christian Knoble. The tax team included counsel Yixuan Long and associates Ted Lee and Georgianna Eck. Counsel David A. Zilberberg and associate Timothy J. Sullivan provided environmental advice. Partner Pritesh P. Shah and associate Joshua Shirley provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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