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Beazer Homes Announces Proposed Offering of $400 Million of Senior Unsecured Notes Due 2032

BZH
  • Beazer Homes USA, Inc. proposes to issue $400 million in Senior Unsecured Notes due 2032 via a private offering exempt from Securities Act registration.
  • The Notes will be offered to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S.
  • Net proceeds will primarily finance the redemption of $357.3 million in outstanding 5.875% Senior Notes due 2027.
  • Any remaining proceeds after the redemption will be allocated for general corporate purposes.
  • The offering does not constitute an offer to sell in jurisdictions where such solicitation is unlawful or without proper registration.
  • Forward-looking statements regarding the consummation of the offering or redemption carry risks, uncertainties, & no obligation to revise exists.
  • Beazer Homes is a national homebuilder based in Atlanta, Georgia, operating in Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, & Virginia.