Beazer Homes (BZH), Blackstone's (BX) GSO Capital Enter $150M Land Banking Arrangement

March 27, 2013 6:33 AM EDT
Beazer Homes USA, Inc. (NYSE: BZH) and GSO Capital Partners LP, the credit arm of The Blackstone Group (NYSE: BX), announced today that GSO will make available up to $150 million as part of a land banking arrangement. Funds managed by GSO will acquire new land parcels identified by Beazer Homes and option finished lots on a pre-determined takedown schedule to the Company.

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