Investors | News Releases | Beazer Homes Announces $100,000,000 Senior Debt Offering

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Beazer Homes Announces $100,000,000 Senior Debt Offering

March 11, 1998 at 12:00 AM EST
Atlanta, Georgia, March 11, 1998 - Beazer Homes USA, Inc. (NYSE: BZH) today announced that it is proposing to offer $100,000,000 in principal amount of Senior Notes due 2008. The net proceeds of the offering will be used to repay indebtedness under the Company‘s existing credit facility.

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country’s ten largest single family homebuilders, with operations in Arizona, California, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee and Texas.

The Senior Notes have not been registered under the Securities Act of 1993, as amended (the "Securities Act"), and, unless so registered, may not be offered or sold 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Senior Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Contact: David S. Weiss

Executive Vice President and Chief Financial Officer

(404)250-3420