Beazer Homes USA, Inc. (NYSE: BZH) has expanded its senior unsecured revolving credit facility by $160 million, bringing the total available aggregate commitment amount to $525 million. The maturity date of the credit facility has also been extended from March 15, 2028, to March 13, 2030. The amendment to the credit facility was arranged by JP Morgan Chase Bank, N.A., Royal Bank of Canada, Truist Securities, Inc., and Regions Capital Markets, a division of Regions Bank, with Royal Bank of Canada, Truist Bank, and Regions Bank serving as syndication agents, and JP Morgan Chase Bank, N.A., as administrative agent.
Beazer Homes' Senior Vice President and Chief Financial Officer, David Goldberg, stated that the expanded revolver provides increased liquidity and financial flexibility as the company pursues its goals of growing community count, de-leveraging, and increasing book value per share.
Beazer Homes, headquartered in Atlanta, Georgia, is a leading national homebuilder in energy-efficient construction. The company operates in 13 states nationwide. Today the company's shares have moved -1.33% to a price of $23.78. For the full picture, make sure to review BEAZER HOMES U's 8-K report.
