Beazer Homes Completes Extension and Upsizing of Credit Facility
ATLANTA--(BUSINESS WIRE)--Oct. 24, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com)
announced today the expansion and extension of its senior secured credit
facility. The amendment increases the size of the facility to $200
million, and extends the maturity to February 2020.
“The transaction underscores our ability to execute our balanced growth
strategy, with our focus on achieving and eventually surpassing our
‘2B-10’ target while improving the health of our balance sheet,”
said Bob Salomon, Chief Financial Officer. Mr. Salomon continued, “We
appreciate the continued support of our lender group as we make progress
toward our goals.”
Headquartered in Atlanta, Beazer Homes is one of the country’s
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.”
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Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David Goldberg, 770-829-3700
President, Treasurer and Investor Relations