ATLANTA - Beazer Homes USA, Inc. (NYSE:BZH), a prominent homebuilder, has announced its intention to issue $250 million in Senior Unsecured Notes due 2031 in a private offering. This move is aimed at financing the redemption of its existing 6.750% Senior Notes due in 2025, which currently have $197.9 million in outstanding aggregate principal and are set to mature on March 15, 2025.
The new notes will be offered to qualified institutional buyers in line with Rule 144A and to non-U.S. persons outside the United States under Regulation S, both pursuant to the Securities Act of 1933. The company plans to allocate any remaining funds from this offering to general corporate purposes.
The private offering of these notes will not be registered under the Securities Act or any state securities laws, and they will be available only through specific exemptions or transactions not subject to these registration requirements.
Beazer Homes has made it clear that the completion of the proposed offering and the redemption of the 2025 Notes are not guaranteed and are subject to market conditions and other factors. The company has disclaimed any obligation to update any forward-looking statements to reflect events or circumstances after the date of the press release.
This announcement is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any of the notes. The sale of the notes has not been registered under the Securities Act or any state securities laws and is being made only to qualified institutional buyers and non-U.S. persons in compliance with applicable exemptions.
Beazer Homes, headquartered in Atlanta, stands as one of the nation's largest homebuilders, known for its Surprising Performance homes designed to offer enhanced quality and comfort. The company's unique Choice Plans™ allow buyers to personalize primary living areas at no extra cost, and its Mortgage Choice program assists customers in comparing loan options to secure the best possible financing terms.
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