Beazer Homes Announces Closing of Offering of $250 Million Senior Unsecured Notes Due 2031
March 15, 2024 at 10:25 am EDT
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Beazer Homes USA, Inc. announced the completion of its previously-announced offering of $250 million aggregate principal amount of 7.500% Senior Unsecured Notes due 2031. The Notes were offered in a private offering that was exempt from the registration requirements of the Securities Act of 1933, as amended. The net proceeds of the offering will be used to finance the repurchase of the Company?s 6.750% Senior Notes due 2025, of which $197.9 million in aggregate principal amount is currently outstanding and which mature on March 15, 2025, with any remaining proceeds to be used for general corporate purposes.
Beazer Homes USA, Inc. is a geographically diversified homebuilder. The Company operates through three segments: West, East and Southeast. Its West segment includes Arizona, California, Nevada, and Texas. Its East segment includes Indiana, Maryland/Delaware, Tennessee, and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. It uses its digital and traditional marketing vehicles and other promotional activities, including its Website www.beazer.com, real estate listing sites, digital advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing, and out-of-home advertising, including billboards and signage located in the areas of its developments, as well as additional activities. The Company has operations in approximately 13 states within three geographic regions in the United States. The Company has maintained and owned approximately 242 model homes.
BEAZER HOMES USA, INC. 
