Beazer Homes Announces Pricing of Offering of $250 Million of Senior Unsecured Notes
ATLANTA--(BUSINESS WIRE)--Mar. 7, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced an
offering of $250 million aggregate principal amount of 6.750% Senior
Unsecured Notes due 2025 (the “Notes”) at par. The Notes are being
offered in a private offering that is exempt from the registration
requirements of the Securities Act of 1933 (the “Securities Act”).
The Company is offering the Notes to qualified institutional buyers in
accordance with Rule 144A or outside the United States in accordance
with Regulation S under the Securities Act. The Company intends to use
the net proceeds from the offering, together with cash on hand, to fund
the repayment of all of its outstanding 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 are being 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307006407/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations