Homebuilder Meritage Homes Corporation (NYSE:MTH) recently announced that it will redeem its 6.25% senior notes due 2015 carrying an aggregate principal amount of $285 million.
In order to pay off this debt, the company will raise another debt comprising senior unsecured notes due 2022 carrying a coupon rate of 7% and an aggregate principal amount of $300 million. The closing date for this notes issue is April 10, 2012.
The remaining proceeds from the 7% notes issue together with the current cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards