Beazer Homes Announces Pricing of Offering of $250 Million of Senior Unsecured Notes
March 07 2017 - 4:30PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced
an offering of $250 million aggregate principal amount of 6.750%
Senior Unsecured Notes due 2025 (the “Notes”) at par. The 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 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, together with
cash on hand, to fund the repayment of all of its outstanding
7.500% Senior Notes due 2021 and the remaining $55 million
aggregate principal amount outstanding under its secured term
loan.
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 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/20170307006407/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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