Investors | News Releases | Beazer Homes USA Announces Extension of Offer to Exchange 8 7/8% Senior Notes

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Beazer Homes USA Announces Extension of Offer to Exchange 8 7/8% Senior Notes

June 9, 1998 at 12:00 AM EDT
Atlanta, Georgia, June 9, 1998 - Beazer Homes USA, Inc. (NYSE: BZH) today announced that it is extending its offer (the "Exchange Offer") to exchange its 8 7/8% Senior Notes due 2008 (the "New Notes"), which have been registered under the Securities Act of 1933, as amended (the "Securities Act") for any and all of its outstanding 8 7/8% Senior Notes due 2008 (the "Old Notes"). The Exchange Offer will expire at 5:00 p.m., New York City time, on June 10, 1998, unless extended.

As of today, approximately $99,960,000 million in aggregate principal amount of Old Notes have been tendered in exchange for a like principal amount of New Notes.

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country’s ten largest single family homebuilders, with operations in Arizona, California, Florida, Georgia, Nevada, North Carolina, South Carolina, Tennessee and Texas.

The Old Notes have not been registered under the Securities Act and may not be offered or sold 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Old Notes or the New Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Contact: David S. Weiss

Executive Vice President and Chief Financial Officer

(404) 250-3420