Beazer Homes Announces Proposed Offering of $300 Million Senior Notes
April 03 2014 - 8:12AM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today that it is proposing to issue $300 million aggregate
principal amount of Senior Notes due 2019 (the “Notes”) in a
private offering that is exempt from the registration requirements
of the Securities Act of 1933 (the “Securities Act”).
The Company intends to offer the Notes to qualified
institutional buyers in accordance with Rule 144A or outside the
United States in accordance with Regulation S under the Securities
Act. The Company intends to use the net proceeds from the offering
to fund or replenish cash that is expected to be used to fund the
redemption of its 9.125% senior notes due 2018.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes, nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful. The offer and
sale of the Notes will not be registered under the Securities Act
or applicable state securities laws, and the Notes are being
offered only to qualified institutional buyers in reliance on Rule
144A under the Securities Act and outside the United States in
accordance with Regulation S under the Securities Act. Unless so
registered, the Notes cannot be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws.
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes is one of the country’s
10 largest single-family homebuilders. The Company’s homes meet or
exceed the benchmark for energy-efficient home construction as
established by ENERGY STAR® and are designed with Choice Plans,
which provide flexible floorplan options to meet the personal
preferences and lifestyles of its buyers. In addition, the Company
is committed to providing a range of preferred lender choices to
facilitate transparent competition between lenders and enhanced
customer service. The Company offers homes in 16 states, including
Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland,
Nevada, New Jersey, New York, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas and Virginia. Beazer Homes is listed on
the New York Stock Exchange under the ticker symbol “BZH.”
Beazer Homes USA, Inc.Carey Phelps, 770-829-3700Director,
Investor Relations & Corporate Communicationsinvestor.relations@beazer.com
Beazer Homes USA (NYSE:BZH)
Historical Stock Chart
From Aug 2024 to Sep 2024
Beazer Homes USA (NYSE:BZH)
Historical Stock Chart
From Sep 2023 to Sep 2024