Beazer Homes Announces Pricing of Tack-on Offering of $100 Million of Senior Unsecured Notes
September 27 2016 - 4:05PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced
its previously announced tack-on offering of an additional $100
million aggregate principal amount of its 8.75% Senior Unsecured
Notes due 2022 (the “Additional Notes”). The Additional Notes will
be issued at an offering price of 104.250% of their face amount
(plus accrued interest from September 21, 2016). The Additional
Notes are being offered in a private offering that is exempt from
the registration requirements of the Securities Act of 1933 (the
“Securities Act”).
The Company is offering the Additional 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 the redemption of all of its outstanding 9.125% Senior
Notes due 2019.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Additional 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 Additional Notes will not be registered
under the Securities Act or applicable state securities laws, and
the Additional 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 Additional
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 a geographically
diversified homebuilder with active operations in 13 states within
three geographic regions in the United States. 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
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’s active
operations are in the following states: Arizona, California,
Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Beazer
Homes is listed on the New York Stock Exchange under the ticker
symbol “BZH.”
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version on businesswire.com: http://www.businesswire.com/news/home/20160927006653/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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