Beazer Homes Announces Pricing of Upsized Offering of $400 Million of Senior Unsecured Notes
September 25 2017 - 5:28PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced
an offering of $400 million aggregate principal amount of 5.875%
Senior Unsecured Notes due 2027 (the “Notes”) at par, which
represents a $100 million increase in the previously announced
aggregate principal amount. 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 net
proceeds from the offering, together with cash on hand, will be
used to fund the repayment of up to $225 million of the Company’s
5.75% Senior Notes due 2019 and up to $175 million of its 7.25%
Senior Notes due 2023.
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 one of the country’s
10 largest single-family homebuilders. 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 offers
homes in 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/20170925006493/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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