Beazer Homes Announces Closing of Offering of $250 Million Senior Unsecured Notes Due 2025
ATLANTA--(BUSINESS WIRE)--Mar. 14, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today the
completion of its previously-announced offering of $250 million
aggregate principal amount of 6.750% Senior Unsecured Notes due 2025
(the “Notes”). The 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 from the offering, together with cash on hand, will be
used to fund the repayment of the Company’s 7.500% Senior Notes due 2021
and the remaining $55 million aggregate principal amount outstanding
under its secured term loan.
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 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.
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
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Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations