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7 months ago
BRIEF-Meritage Homes exercised accordion feature under its unsecured revolving credit agreement
December 23, 2016 / 11:15 AM / 7 months ago

BRIEF-Meritage Homes exercised accordion feature under its unsecured revolving credit agreement

1 Min Read

Dec 23 (Reuters) - Meritage Homes Corp

* Exercised accordion feature under its unsecured revolving credit agreement

* Meritage Homes Corp - co had outstanding letters of credit totaling about $38 million, leaving $437 million available under credit agreement to be drawn

* Increased total commitments by $40 million, from $500 million to $540 million

* Meritage Homes Corp - as of date of increase, $65 million borrowings were outstanding under credit agreement Source text: (bit.ly/2hZrMLS) Further company coverage:

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