Beazer Homes Completes Extension and Upsizing of Credit Facility
October 13 2016 - 04:05PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today the expansion and extension of its Senior Secured Credit
Facility. The amendment increases the size of the facility to $180
million, and extends the maturity to February 2019. Additionally,
the revised terms include a reduction in the required aggregate
collateral ratio securing the Facility.
“This transaction further evidences the progress we’ve made in
improving our balance sheet,” said Bob Salomon, Chief Financial
Officer. “We appreciate the continued support of our lender group
as we execute our balanced growth strategy.”
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/20161013006057/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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