Beazer Homes Announces Redemption of Its 5.75% Senior Notes Due 2019
August 21 2018 - 4:20PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today that it has called for redemption all of its outstanding
5.75% Senior Notes due 2019 (the “Notes”). The Company will redeem
the Notes on September 25, 2018. Approximately $96 million of the
Notes are currently outstanding, and the Company will use cash on
hand to fund the redemption.
“This transaction completes our previously-announced plan to
reduce debt by $250 million, as we continue to focus on achievement
of our ‘2B-10’ goals,” said Bob Salomon, Chief Financial
Officer. Mr. Salomon continued, “We are excited to close the fiscal
year without having any senior notes due until 2022.”
About Beazer Homes USA, Inc.
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: https://www.businesswire.com/news/home/20180821005686/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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