Beazer Homes Announces Proposed Offering of $300 Million of Senior Notes
ATLANTA--(BUSINESS WIRE)--Sep. 25, 2017--
Beazer Homes USA, Inc. (NYSE:BZH) (the “Company”) announced today that
it is proposing to issue $300 million aggregate principal amount of
Senior Notes due 2027 (the “Notes”) in a private offering that is exempt
from the registration requirements of the Securities Act of 1933 (the
The Company intends to offer 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 will be used to fund the repayment of up to $225 million of its
5.75% Senior Notes due 2019 and up to $75 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/20170925005662/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations