ATLANTA--(BUSINESS WIRE)--Jul. 9, 2012--
Beazer Homes USA, Inc. (NYSE: BZH) announced today that it has commenced
concurrent underwritten public offerings of common stock and tangible
equity units.
The Company is offering $75 million of its common stock and 3,000,000
(equal to $75 million) of its tangible equity units in the concurrent
offerings. The units are comprised of a prepaid stock purchase contract
and an unsecured senior amortizing note due 2015. In addition, the
Company intends to grant the underwriters a 30-day option to purchase up
to an additional 15% of the tangible equity units sold to cover
over-allotments and a 30-day option to purchase up to an additional 15%
of the shares of common stock. Neither offering is contingent upon
completion of the other offering. The Company's common stock is listed
on the New York Stock Exchange under the symbol “BZH,” and the Company
intends to apply to list the tangible equity units on the New York Stock
Exchange under the symbol “BZT.”
The Company intends to use the net proceeds from these concurrent
offerings for growth capital, including for approximately $100 million
of potential land investments in Florida, California, Texas, North
Carolina and Arizona, and for general corporate purposes, including the
repayment of outstanding indebtedness.
Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Deutsche Bank
Securities Inc. and UBS Securities LLC are serving as the joint
book-running managers for the offerings and KKR Capital Markets LLC and
Moelis & Company LLC are serving as co-managers for the offerings.
The shares of common stock and the tangible equity units, including the
underlying stock purchase contracts and senior amortizing notes, will
all be issued pursuant to an effective shelf registration statement on
Form S-3 previously filed with the Securities and Exchange Commission
(SEC). Preliminary prospectus supplements related to the offerings have
been filed with the SEC and are available free of charge on the SEC's
website at http://www.sec.gov.
Copies of the preliminary prospectus supplements and the accompanying
base prospectus related to the common stock and tangible equity units
offerings may be obtained from (i) Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, New
York, 10010, or by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com;
(ii) Goldman, Sachs & Co., via telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com,
or standard mail at Goldman, Sachs & Co., 200 West Street, New York, NY
10282, Attn: Prospectus Department; (iii) Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836 or
by telephone at: (800) 503-4611, or by email at: prospectus.CPDG@db.com;
or (iv) UBS Securities LLC, 299 Park Avenue, New York, NY 10171,
Attention: Prospectus Department, or by calling (888) 827-7275.
Investors should read these documents for more complete information
prior to investing.
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 these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Beazer Homes USA, Inc.
Beazer Homes USA Inc., headquartered in Atlanta, Georgia, is one
of the ten largest single-family homebuilders in the United States.
The Company’s industry-leading high performance homes are designed
to lower the total cost of home ownership while reducing energy and
water consumption. With award-winning floor-plans, the
Company offers homes that incorporate exceptional value and quality to
consumers in 16 states, including Arizona, California, Delaware,
Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North
Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
Beazer Homes is listed on the New York Stock Exchange and trades
under the ticker symbol “BZH.”

Source: Beazer Homes USA, Inc.
Beazer Homes USA, Inc.
Robert L. Salomon, 770-829-3709
Executive
Vice President, Chief Financial
Officer and Chief Accounting Officer
investor.relations@beazer.com