ATLANTA--(BUSINESS WIRE)--Mar. 7, 2017--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today that
it is proposing to issue $250 million aggregate principal amount of
Senior Notes due 2025 (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, together with cash on hand, will be used to fund the repayment
of its 7.500% Senior Notes due 2021 and the remaining $55 million
aggregate principal amount outstanding under its secured term loan.
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 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307005823/en/
Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
David I. Goldberg, 770-829-3700
President of Treasury and Investor Relations