Beazer Homes Announces Closing of Offering of $250 Million Senior Unsecured Notes Due 2025
March 14 2017 - 4:05PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today the completion of its previously-announced offering of $250
million aggregate principal amount of 6.750% Senior Unsecured Notes
due 2025 (the “Notes”). The Notes were offered in a private
offering that was exempt from the registration requirements of the
Securities Act of 1933 (the “Securities Act”).
The net proceeds from the offering, together with cash on hand,
will be used to fund the repayment of the Company’s 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 were 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/20170314006162/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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