Current Report Filing (8-k)
October 13 2016 - 4:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 13, 2016
BEAZER HOMES USA, INC.
(Exact name of registrant as specified in its charter)
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DELAWARE
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001-12822
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58-2086934
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(State or other jurisdiction of
Company or organization)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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1000 Abernathy Road, Suite 260
Atlanta, Georgia 30328
(Address of principal executive offices)
(770) 829-3700
(Registrants telephone number, including area code)
None
(Former name or
former address, if changed since last report)
Check the appropriate box below
if the
Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to
Rule 14a-12
under the Exchange Act
(17 CFR 240.14a-12)
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Pre-commencement communications pursuant to
Rule 14d-2(b)
under the Exchange Act
(17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to
Rule 13e-4(c)
under the Exchange Act
(17 CFR 240.13e-4(c))
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Item 1.01.
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Entry into a Material Definitive Agreement.
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On October 13, 2016, Beazer Homes USA,
Inc. (the Company) executed a Third Amendment (the Amendment) to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, between the Company, as borrower, the lenders party thereto, the issuers
party thereto, and Credit Suisse AG, Cayman Islands Brach, as agent, as amended on November 10, 2014 and November 6, 2015 (as amended, the Credit Agreement). The Amendment, among other things:
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increases the maximum aggregate amount of commitments under the Credit Agreement from $145 million to $180 million,
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extends the termination date from January 15, 2018 to February 15, 2019,
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reduces the aggregate collateral ratio (as defined in the Credit Agreement) from 5:00:1:00 to 4.00:1.00, and
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reduces the after-acquired exclusionary condition (as defined in the Credit Agreement) from $1 billion to $800 million.
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The foregoing description of the Amendment is qualified in its entirety to the full text of the Amendment filed herewith as Exhibit 10.1
and incorporated in this Item 1.01 by reference.
Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01.
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Financial Statements and Exhibits.
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(d) Exhibits
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10.1
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Third Amendment to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, between the Company, as borrower, the lenders party thereto, the issuers party thereto, and Credit Suisse AG, Cayman Islands
Brach, as agent, as amended
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date: October 13, 2016
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BEAZER HOMES USA, INC.
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By:
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/s/ Kenneth F. Khoury
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Kenneth F. Khoury
Executive Vice President,
Chief Administrative Officer and General Counsel
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EXHIBIT INDEX
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10.1
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Third Amendment to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, between the Company, as borrower, the lenders party thereto, the issuers party thereto, and Credit Suisse AG, Cayman Islands
Brach, as agent, as amended
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