Beazer Homes (BZH) Announces $275 Senior Debt Offering

Article Stock Quotes (1) Comments (0)

Beazer Homes USA, Inc. (NYSE: BZH) announced today that it is proposing to issue $275 million aggregate principal amount of Senior Secured Notes due 2018 (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).

The Company intends to offer the Notes within the United States to qualified institutional buyers in accordance with Rule 144A and 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 12% senior secured notes due 2017.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Sterne Agee Downgrades Beazer Homes (BZH) to Neutral
• USEC Inc. (USU) to Halt Enrichment at Paducah Plant, Cut Workforce
• Yingli Green Energy (YGE) to Supply 10.269 MW Modules to Malaysia Power Plant

Create E-mail Alert Related Categories

Corporate News

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?