Beazer Homes Announces Closing of Offering of $400 Million Senior Unsecured Notes Due 2027
ATLANTA--(BUSINESS WIRE)--Oct. 10, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today the
completion of its previously-announced offering of $400 million
aggregate principal amount of 5.875% Senior Unsecured Notes due 2027
(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 of the offering, together with cash on hand, will be
used to repay $225 million of the Company’s 5.75% Senior Notes due 2019
and $175 million of its 7.25% Senior Notes due 2023.
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 one of the country’s 10
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.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20171010006333/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations