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Friday September 20th, 2019 2:52PM

Beazer Homes Announces Pricing of Offering of $350 Million of Senior Unsecured Notes

By The Associated Press

ATLANTA--(BUSINESS WIRE)--Sep 10, 2019--

Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced an offering of $350 million aggregate principal amount of 7.25% Senior Unsecured Notes due 2029 (the “Notes”) at par. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

The Company is offering the Notes to qualified institutional buyers in accordance with Rule 144A or outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering, together with borrowings under a new senior unsecured term loan facility and cash on hand, as needed, to finance the repurchase of the Company’s 8.75% Senior Notes due 2022 (the “2022 Notes”).

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offer and sale of the Notes will not be registered under the Securities Act or applicable state securities laws, and the Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. Unless so registered, the Notes cannot be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

View source version on businesswire.com:

CONTACT: Beazer Homes USA, Inc.

David I. Goldberg, 770-829-3700

Vice President of Treasury and Investor Relations

investor.relations@beazer.com

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Beazer Homes USA, Inc.

Copyright Business Wire 2019.

PUB: 09/10/2019 06:12 PM/DISC: 09/10/2019 06:12 PM

http://www.businesswire.com/news/home/20190910006159/en

  • Associated Categories: Associated Press (AP), AP Online - Georgia News, AP Business Wire - Georgia
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