Beazer Homes USA, Inc. : Beazer Homes Announces Proposed Offering of $275 Million Senior Secured Notes
07/11/2012| 07:05am US/Eastern
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
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.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes nor does it constitute
an offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful. The offer and sale of the Notes will
not be registered under the Securities Act or applicable state
securities laws, and are being offered only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act and outside the
United States in accordance with Regulation S under the Securities Act.
Unless so registered, the Notes cannot be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act and
applicable state securities laws.
About Beazer Homes USA, Inc.
Beazer Homes USA Inc., headquartered in Atlanta, Georgia, is one
of the ten largest single-family homebuilders in the United States.
The Company's industry-leading high performance homes are designed
to lower the total cost of home ownership while reducing energy and
water consumption. With award-winning floor-plans, the
Company offers homes that incorporate exceptional value and quality to
consumers in 16 states, including Arizona, California, Delaware,
Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North
Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
Beazer Homes is listed on the New York Stock Exchange and trades
under the ticker symbol "BZH."
Beazer Homes USA, Inc.
Robert L. Salomon, 770-829-3709
Vice President, Chief Financial
Officer and Chief Accounting Officer
© Business Wire 2012