Beazer Homes Completes Extension and Upsizing of Credit Facility
October 24 2017 - 5:27PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced
today the expansion and extension of its senior secured credit
facility. The amendment increases the size of the facility
to $200 million, and extends the maturity to February
2020.
“The transaction underscores our ability to execute our balanced
growth strategy, with our focus on achieving and eventually
surpassing our ‘2B-10’ target while improving the health of our
balance sheet,” said Bob Salomon, Chief Financial Officer. Mr.
Salomon continued, “We appreciate the continued support of our
lender group as we make progress toward our goals.”
Headquartered in Atlanta, Beazer Homes is one of the country’s
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/20171024006751/en/
Beazer Homes USA, Inc.David Goldberg, 770-829-3700Vice
President, Treasurer and Investor
Relationsinvestor.relations@beazer.com
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