Beazer Homes to offer $350M of senior notes due 2029

|About: Beazer Homes USA, Inc. (BZH)|By:, SA News Editor

Beazer Homes USA (NYSE:BZH) to issue $350M of Senior Unsecured Notes due 2029 in a private offering.

The Company intends to use the net proceeds from the offering, together with borrowings under a new senior unsecured term loan facility and cash on hand, as needed, to finance the repurchase of the Company’s 8.75% Senior Notes due 2022, of which $500M is currently outstanding.

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