ATLANTA--(BUSINESS WIRE)--Sep. 27, 2016--
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced its
previously announced tack-on offering of an additional $100 million
aggregate principal amount of its 8.75% Senior Unsecured Notes due 2022
(the “Additional Notes”). The Additional Notes will be issued at an
offering price of 104.250% of their face amount (plus accrued interest
from September 21, 2016). The Additional Notes are being offered in a
private offering that is exempt from the registration requirements of
the Securities Act of 1933 (the “Securities Act”).
The Company is offering the Additional 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 Company
intends to use the net proceeds from the offering to fund the redemption
of all of its outstanding 9.125% Senior Notes due 2019.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Additional 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
Additional Notes will not be registered under the Securities Act or
applicable state securities laws, and the Additional 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
Additional 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
symbol “BZH.”
View source version on businesswire.com: http://www.businesswire.com/news/home/20160927006653/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