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: April 4, 2002
BEAZER HOMES USA, INC.
(Exact name of registrant as specified in its charter)
DELAWARE (State or other jurisdiction of incorporation) |
001-12822 (Commission File Number) |
54-2086934 (IRS Employer Identification No.) |
5775 Peachtree Dunwoody Road, Suite B-200
Atlanta Georgia 30342
(Address of Principal
Executive Offices)
(404) 250-3420
(Registrant's telephone number, including area code)
None
(Former name or former address, if changed since last report)
On April 4, 2002, Beazer Homes USA, Inc. (the "Company") issued the press release attached hereto as exhibit 99.1 and made a part hereof regarding its conference call for March 31, 2002 quarter results scheduled for April 25, 2002. On April 9, 2002 the Company issued the press release attached hereto as exhibit 99.2 and made a part hereof announcing it received an upgrade from Standard & Poor's. For additional information, please see the press releases.
Item 7. Financial Statements and Exhibits.
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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 hereunto duly authorized.
BEAZER HOMES USA, INC. | ||||
Date: April 9, 2002 |
By: |
/s/ DAVID S. WEISS David S. Weiss Executive Vice President and Chief Financial Officer |
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Exhibit 99.1
Press Release
For Immediate Release
Beazer Homes USA, Inc. Conference Call for March
Quarter Results Scheduled for April 25, 2002
Atlanta, Georgia, April 4, 2002On Wednesday, April 24, 2002, after the close of the market, Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) will release results for the quarter ended March 31, 2002. In order to discuss the results and give everyone a chance to ask questions, Beazer has scheduled a conference call for Thursday, April 25, 2002 at 10:00 AM Eastern Time. You may listen to the conference call and view the Company's slide presentation over the internet by going to the "Investor Relations" section of the Company's website at beazer.com. For information on participating in the conference call by telephone, please call 404-250-3420 ext. 283 or e-mail investorrelations@beazer.com.
Beazer Homes USA, Inc., based in Atlanta, Georgia is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.
Contact: | David S. Weiss Executive Vice President and Chief Financial Officer (404) 250-3420 dweiss@beazer.com |
Exhibit 99.2
Press Release
For Immediate Release
Beazer Homes Receives Upgrade From Standard & Poor's
Atlanta, Georgia, April 9, 2002Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced that it has received an upgrade from Standard & Poor's. S&P has raised Beazer's corporate credit rating from "BB-" to "BB" and has, accordingly, raised the rating on Beazer's $200 million 8.625% Senior Notes due 2011 and $100 million 8.875% Senior Notes due 2008 to "BB". S&P also assigned a "BB" rating to Beazer's proposed $350 million Senior Notes (144a offering) due 2012, which will be used mainly to fund the cash portion of Beazer's previously announced purchase of Crossmann Communities, Inc., repay Crossmann's outstanding debt and reduce borrowings under Beazer's revolving credit facility.
Standard & Poor's cited that the upgrade was supported by Beazer's "improved profitability; sound financial position and the good strategic fit and relatively credit neutral structure of its expected merger with Crossmann."
David S. Weiss, Executive Vice President and Chief Financial Officer, said, "We are extremely proud that S&P has recognized our superior financial performance and strong financial position and the fact that our merger with Crossmann Communities was structured to preserve both. We intend to continue to manage our balance sheet and financial position conservatively, to maintain financial flexibility and warrant future upgrades."
Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Florida, Georgia, Maryland, Nevada, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination and title services to its homebuyers.
Contact: | David S. Weiss Executive Vice President and Chief Financial Officer (404) 250-3420 dweiss@beazer.com |
Note: | Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report for the year ended September 30, 2001. |