ATLANTA--(BUSINESS WIRE)--Oct. 13, 2016--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today the
expansion and extension of its Senior Secured Credit Facility. The
amendment increases the size of the facility to $180 million, and
extends the maturity to February 2019. Additionally, the revised terms
include a reduction in the required aggregate collateral ratio securing
the Facility.
“This transaction further evidences the progress we’ve made in improving
our balance sheet,” said Bob Salomon, Chief Financial Officer. “We
appreciate the continued support of our lender group as we execute our
balanced growth strategy.”
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
symbol “BZH.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20161013006057/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
Vice
President of Treasury and Investor Relations
investor.relations@beazer.com