Beazer Homes USA, Inc. (NYSE: BZH) increased its senior unsecured revolving credit facility by $160 million to $525 million through a third amendment to the existing agreement, according to a company statement.

The Atlanta-based homebuilder also extended the maturity date of the credit facility from March 15, 2028 to March 13, 2030. JP Morgan Chase Bank, N.A. arranged the amendment along with Royal Bank of Canada, Truist Securities, Inc. and Regions Capital Markets.

Royal Bank of Canada, Truist Bank and Regions Bank served as syndication agents, while JP Morgan Chase Bank, N.A. acted as administrative agent for the facility.

"The expanded revolver provides increased liquidity and financial flexibility as we pursue these goals and reflects the broad support from our valued banking partners," said David Goldberg, senior vice president and chief financial officer.

Goldberg stated the company continues to execute its strategy toward achieving goals for growing community count, reducing leverage, and increasing book value per share.

Beazer Homes operates as a national homebuilder focused on energy-efficient construction across 13 states. The company builds residential homes and offers mortgage financing services to homebuyers through its Mortgage Choice program.