SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 21, 2001
Beazer Homes USA, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 001-12822 | 58-2086934 | ||
(State or other jurisdiction of | (Commission File Number) | (I.R.S. Employer | ||
incorporation or organization) | Identification No.) |
5775
Peachtree Dunwoody Road, Suite B-200, Atlanta, Georgia 30342
(Address of principal executive offices) (Zip code)
(404) 250-3420
(Registrant's telephone number including area code)
None
(Former name and former address, if changed since last report)
On May 22, 2001, Beazer Homes USA, Inc. issued the press release attached as an exhibit hereto and made a part hereof.
Item 7. Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BEAZER HOMES USA, INC. | |||
MAY 22, 2001 DATE |
By: |
/s/ DAVID S. WEISS David S. Weiss Executive Vice President and Chief Financial Officer |
PRESS RELEASE
FOR IMMEDIATE RELEASE
BEAZER HOMES CLOSES $200 MILLION OFFERING OF SENIOR NOTES AND CALLS
$115 MILLION SENIOR NOTES FOR REDEMPTION
Atlanta, Georgia, May 22, 2001Beazer Homes USA, Inc. (NYSE: BZH; www.beazer.com) today announced that on May 21, 2001 it closed the sale of $200 million principal amount of Senior Notes due 2011 (the "2011 Notes"). The 2011 Notes have a coupon rate of 8.625% and were issued to investors at a price of $99.178 per $100 Note.
The Company also announced that it is using part of the net proceeds from the sale of the 2011 Notes to redeem its 9% Senior Notes due 2004 (the "2004 Notes"). Pursuant to the optional redemption provisions of the 2004 Notes, the Company has called the 2004 Notes for redemption at par, plus accrued interest, effective June 5, 2001.
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, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination, title and insurance services to its homebuyers.
Contact: David S. Weiss
Executive
Vice President and Chief Financial Officer
(404) 250-3420
dweiss@beazer.com