Beazer Homes Announces Proposed Offering of $350M of Senior Notes
Wednesday, September 11th, 2019
Beazer Homes USA, Inc. announced that it is proposing to issue $350 million aggregate principal amount of Senior Unsecured Notes due 2029 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
The Company intends to offer 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”), of which $500 million in aggregate principal amount is currently outstanding.