ATLANTA--(BUSINESS WIRE)--Jul. 11, 2012--
Beazer Homes USA, Inc. (NYSE: BZH) today priced its previously announced
offering of $300 million aggregate principal amount of 6.625% Senior
Secured Notes due 2018 (the “Notes”) at par. This represents an increase
of $25 million over the aggregate principal amount previously announced.
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 within the United States to qualified
institutional buyers in accordance with Rule 144A and outside the United
States in accordance with Regulation S under the Securities Act. The
Company intends to use the net proceeds from the offering to fund or
replenish cash that is expected to be used to fund the redemption of its
12% senior secured notes due 2017 and for general corporate purposes.
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 Notes will not be registered under
the Securities Act or applicable state securities laws, and 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.
Beazer Homes USA Inc., headquartered in Atlanta, Georgia, is one
of the ten largest single-family homebuilders in the United States.
The Company’s industry-leading high performance homes are designed
to lower the total cost of home ownership while reducing energy and
water consumption. With award-winning floor-plans, the
Company offers homes that incorporate exceptional value and quality to
consumers in 16 states, including Arizona, California, Delaware,
Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North
Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
Beazer Homes is listed on the New York Stock Exchange and trades
under the ticker symbol “BZH.”
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
Robert L. Salomon, 770-829-3709
Executive
Vice President, Chief Financial
Officer and Chief Accounting Officer
investor.relations@beazer.com