ATLANTA--(BUSINESS WIRE)--Sep. 25, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced an
offering of $400 million aggregate principal amount of 5.875% Senior
Unsecured Notes due 2027 (the “Notes”) at par, which represents a $100
million increase in the previously announced aggregate principal amount.
The Notes are being offered in a private offering that is exempt from
the registration requirements of the Securities Act of 1933 (the
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 net proceeds from the
offering, together with cash on hand, will be used to fund the repayment
of up to $225 million of the Company’s 5.75% Senior Notes due 2019 and
up to $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 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 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/20170925006493/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations