Beazer Homes Announces Closing of Offering of $350 Million Senior Unsecured Notes Due 2029
September 24 2019 - 4:30PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today the completion of its previously-announced offering of $350
million aggregate principal amount of 7.25% Senior Unsecured Notes
due 2029 (the “Notes”). The Notes were offered in a private
offering that was exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”).
The net proceeds of the offering, together with borrowings under
a new senior unsecured term loan facility and cash on hand, will be
used to finance the repurchase of all of the $500 million aggregate
principal amount of the Company’s 8.75% Senior Notes due 2022 (the
“2022 Notes”).
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 to non U.S.
persons 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.
Forward-Looking Statements
Statements contained in this release that state the Company’s or
management’s intentions, expectations or predictions of the future
are forward-looking statements. Specifically, the Company cannot
assure you that the repurchase of the 2022 Notes described above
will be consummated on the terms currently contemplated, if at all.
The forward-looking statements involve risks and uncertainties and
actual results may differ materially from those projected or
implied. The Company disclaims any intention or obligation to
revise any forward-looking statements whether as a result of new
information, future events or otherwise.
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes (NYSE: BZH) is one of the
country’s largest homebuilders. Every Beazer home is designed and
built to provide Surprising Performance, giving you more quality
and more comfort from the moment you move in - saving you money
every month. With Beazer’s Choice Plans™, you can personalize your
primary living areas - giving you a choice of how you want to live
in the home, at no additional cost. And unlike most national
homebuilders, we empower our customers to shop and compare loan
options. Our Mortgage Choice program gives you the resources to
easily compare multiple loan offers and choose the best lender and
loan offer for you, saving you thousands over the life of your
loan. We build our homes in Arizona, California, Delaware, Florida,
Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina,
Tennessee, Texas, and Virginia. For more information, visit
beazer.com, or check out beazer.com on Facebook, Instagram and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20190924005960/en/
Beazer Homes USA, Inc. David I. Goldberg Vice President of
Treasury and Investor Relations 770-829-3700
investor.relations@beazer.com
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