Beazer Homes Announces Closing of Tack-on Offering of $100 Million of Senior Unsecured Notes due 2022
September 30 2016 - 4:05PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today the completion of its previously-announced tack-on offering
of an additional $100 million aggregate principal amount of its
8.750% Senior Notes due 2022 (the “Additional Notes”). The
Additional 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 of the offering will be used to redeem all of
the Company’s outstanding 9.125% Senior Notes due 2019.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Additional 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 Additional Notes will not be registered
under the Securities Act or applicable state securities laws, and
the Additional 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 Additional 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/20160930005628/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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