Beazer Homes USA Completes $250M Note Offering

By Tamara Parker • Monday, March 18 10:13 • Permanent Link

Beazer Homes USA, Inc. (NYSE: BZH) has just announced the successful completion of its offering of $250 million aggregate principal amount of 7.500% senior unsecured notes due 2031. This offering was exempt from the registration requirements of the Securities Act of 1933, as amended. The net proceeds from this offering are intended to finance the repurchase of the company’s 6.750% senior notes due 2025, with any remaining proceeds to be used for general corporate purposes.

As of the date of the announcement, $197.9 million in aggregate principal amount of the 2025 notes is currently outstanding and is set to mature on March 15, 2025. The company has not only successfully raised capital through this offering but also strategically used it to address its existing debt obligations.

The market has reacted to these announcements by moving the company's shares -0.5% to a price of $29.45. For more information, read the company's full 8-K submission here.

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