Company Website:
http://www.beazer.com
ATLANTA -- (Business Wire)
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced its
previously-announced offering of $325 million aggregate principal amount
of 5.750% Senior Notes due 2019 (the “Notes”) at par. This represents an
increase of $25 million over the aggregate principal amount previously
announced. 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 in accordance
with Regulation S under the Securities Act. The Company intends to use
the net proceeds from the offering to fund or replenish cash that is
expected to be used to fund the redemption of its 9.125% senior notes
due 2018.
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 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.
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes is one of the country’s 10
largest single-family homebuilders. The Company’s homes meet or exceed
the benchmark for energy-efficient home construction as established by
ENERGY STAR® and are designed with Choice Plans, which provide flexible
floorplan options to meet the personal preferences and lifestyles of its
buyers.In addition, the Company is committed to providing a
range of preferred lender choices to facilitate transparent competition
between lenders and enhanced customer service.The Company offers
homes 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 under the
ticker symbol “BZH.”
Contacts:
Beazer Homes USA, Inc.
Carey Phelps, 770-829-3700
Director,
Investor Relations & Corporate Communications
investor.relations@beazer.com
Source: Beazer Homes USA, Inc.
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