newsfilter
← Latest News
Business Wire·

Beazer Homes Announces Expansion of Revolving Credit Facility to $525 million

  • Beazer Homes USA, Inc. secured a third amendment to its senior unsecured revolving credit facility, increasing the aggregate commitment amount by $160 million to $525 million.
  • The amendment extends the Credit Facility's maturity date from March 15, 2028, to March 13, 2030.
  • JP Morgan Chase Bank, N.A. served as Administrative Agent, while Royal Bank of Canada, Truist Securities, Inc., & Regions Capital Markets acted as arrangers, with Royal Bank of Canada, Truist Bank, & Regions Bank serving as Syndication Agents.
  • CFO David Goldberg stated the expanded revolver enhances liquidity & financial flexibility to support goals regarding community count growth, de-leveraging, & book value per share increases.
  • Beazer Homes, headquartered in Atlanta, Georgia, operates in 13 states & focuses on energy-efficient construction with a legacy spanning nine generations.
  • The press release includes extensive forward-looking statements warning of risks such as macroeconomic uncertainty, elevated interest rates, supply chain challenges, labor shortages, geopolitical conflicts, & regulatory changes that could materially affect results.