Meritage Homes Extends Expiration of Registered Exchange Offer to September 21, 2017

SCOTTSDALE, Ariz., Sept. 15, 2017 -- Meritage Homes Corporation (NYSE:MTH) today announced that it has extended the expiration date of its offer to exchange up to $300,000,000 in aggregate principal amount of its 5.125% Senior Notes due 2027 (Exchange Notes), for an equal amount of its privately placed 5.125% Senior Notes due 2027 (Original Notes), to 5:00 p.m. (New York City Time) on Thursday, September 21, 2017.  As of 5:00 p.m. (New York City Time) on September 14, 2017, the original expiration date of the exchange offer, approximately $299,720,000 (or about 99.9% of such Original Notes) in aggregate principal amount of Original Notes had been tendered for exchange and received by the exchange agent for the exchange offer.  Meritage is extending the exchange offer to provide holders of any remaining Original Notes additional time to exchange their notes for Exchange Notes.  

Meritage will accept for exchange any and all Original Notes validly tendered and not withdrawn prior to the new expiration date of the exchange offer at 5:00 p.m. (New York City Time) on Thursday, September 21, 2017, unless extended.  Meritage does not currently intend to extend the exchange offer any further.

The Exchange Notes are substantially identical to the Original Notes, except that the Exchange Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.

The terms of the exchange offer and other information relating to Meritage are set forth in a prospectus dated August 16, 2017.  Copies of the prospectus and the related letter of transmittal may be obtained from Wells Fargo Bank, National Association which is serving as the exchange agent for the exchange offer.  Wells Fargo’s address, telephone and facsimile numbers are as follows:

Wells Fargo Bank, N.A.
Corporate Trust Operations 
MAC N9300-070
600 South Fourth Street
Minneapolis, MN 55402
Telephone: (800) 344-5128
Fax: (612) 667-6282

This announcement is neither an offer to sell nor a solicitation of an offer to buy or exchange the Exchange Notes or the Original Notes.  The exchange offer is made solely by Meritage’s prospectus dated August 16, 2017.

About Meritage Homes Corporation

Meritage Homes is the eighth-largest public homebuilder in the United States, based on homes closed in 2016. Meritage Homes builds and sells single-family homes for first- time, move-up, luxury and active adult buyers across the Western, Southern and Southeastern United States. Meritage Homes builds in markets including Sacramento, San Francisco Bay area, southern coastal and Inland Empire markets in California; Houston, Dallas-Ft. Worth, Austin and San Antonio, Texas; Phoenix/Scottsdale, Green Valley and Tucson, Arizona; Denver, Colorado; Orlando, Tampa and south Florida; Raleigh and Charlotte, North Carolina; Greenville-Spartanburg and York County, South Carolina; Nashville, Tennessee; and Atlanta, Georgia.

Meritage Homes has designed and built over 100,000 homes in its 32-year history, and has a reputation for its distinctive style, quality construction, and positive customer experience. Meritage Homes is the industry leader in energy-efficient homebuilding and has received the U.S. Environmental Protection Agency's ENERGY STAR Partner of the Year for Sustained Excellence Award every year since 2013 for innovation and industry leadership in energy efficient homebuilding.