Beazer Homes Announces Proposed Offering of $300M of Senior Notes
Staff Report From Metro Atlanta CEO
Tuesday, September 26th, 2017
Beazer Homes USA, Inc. announced that it is proposing to issue $300 million aggregate principal amount of Senior Notes due 2027 in a private offering that is exempt from the registration requirements of the Securities Act of 1933.
The Company intends to offer 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 net proceeds from the offering will be used to fund the repayment of up to $225 million of its 5.75% Senior Notes due 2019 and up to $75 million of its 7.25% Senior Notes due 2023.
