Beazer Homes Announces Pricing of $447.6 Million Aggregate Offerings of Common Stock, Tangible Equity Units & Senior Unsecure...
05 5월 2010 - 8:45AM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) (the “Company”) announced
today that it priced its previously announced offering of 12.5
million shares of its common stock at $5.81 per share, resulting in
net proceeds of approximately $68.5 million. The Company also
priced its offering of 3.0 million 7.25% tangible equity units at
$25.00 each, resulting in net proceeds of approximately $72.3
million. The Company’s 9.125% senior unsecured notes due 2018 were
priced at 100% of the $300.0 million aggregate principal amount
issued, resulting in net proceeds of approximately $295.1 million.
The Company has granted the underwriters in the common stock and
tangible equity units offerings a 30-day option to purchase up to
an additional 1.875 million shares of common stock and 450,000
tangible equity units, respectively, to cover over-allotments. The
Company’s common stock is listed on the New York Stock Exchange
under the symbol “BZH” and the Company has applied to list the
tangible equity units on the New York Stock Exchange.
The Company intends to use the net proceeds from these
concurrent offerings to fund (or replenish cash used to fund) debt
repurchases, including the anticipated redemption of the Company’s
8 3/8% senior notes due 2012 and 4 5/8% convertible senior notes
due 2024, and for other general corporate purposes. As of April 30,
2010, $303.6 million aggregate principal amount of the 8 3/8%
senior notes due 2012 and $154.5 million of aggregate principal
amount of the 4 5/8% convertible senior notes due 2024 were
outstanding.
Citigroup Global Markets Inc. and Credit Suisse Securities (USA)
LLC served as the joint book-running managers for the common stock
offering, Deutsche Bank Securities Inc. and UBS Securities LLC
served as joint lead managers and Moelis & Company LLC served
as co-manager. Citigroup Global Markets Inc. and Credit Suisse
Securities (USA) LLC served as the joint book-running managers for
the tangible equity units offering, Deutsche Bank Securities Inc.
served as joint lead manager and Moelis & Company LLC served as
co-manager. Credit Suisse Securities (USA) LLC and Citigroup Global
Markets Inc. served as the joint book-running managers for the
senior unsecured notes offering, Deutsche Bank Securities Inc.
served as joint lead manager and Moelis & Company LLC served as
co-manager.
The shares of common stock, tangible equity units, including the
underlying stock purchase contracts and senior amortizing notes,
and senior unsecured notes all will be issued pursuant to an
effective shelf registration statement previously filed with the
Securities and Exchange Commission on Form S-3. Preliminary
prospectus supplements related to the offerings have been filed
with the Securities and Exchange Commission and are available on
the SEC’s website, http://www.sec.gov. Copies of the
preliminary prospectus supplements and the accompanying base
prospectus related to the common stock, tangible equity units and
senior unsecured notes offerings may be obtained from: Citigroup
Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, NY 11220 (Attention: Prospectus Department;
Telephone: (800) 831-9146; E-mail: batprospectusdept@citi.com) or
Credit Suisse Securities (USA) LLC, Prospectus Department, One
Madison Avenue, New York, NY 10010 (Telephone: 800-221-1037).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or other
jurisdiction.
Beazer Homes USA, Inc., headquartered in Atlanta, is one of the
country’s ten largest single-family homebuilders with continuing
operations in Arizona, California, Delaware, Florida, Georgia,
Indiana, Maryland, Nevada, New Jersey, New Mexico, North Carolina,
Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.
Forward Looking
Statements
This press release contains forward-looking statements. These
forward-looking statements represent our expectations or beliefs
concerning future events, and it is possible that the results
described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and
other factors, many of which are outside of our control, that could
cause actual results to differ materially from the results
discussed in the forward-looking statements, including, among other
things, changing market conditions, the Company’s ability to
satisfy the conditions to closing the offerings and the Company’s
ability to repurchase its outstanding notes from time to time. For
more information, see the Company’s filings with the Securities and
Exchange Commission, including the preliminary prospectus
supplements relating to the proposed offerings.
Any forward-looking statement speaks only as of the date on
which such statement is made, and, except as required by law, we do
not undertake any obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise. New factors emerge from time to time
and it is not possible for management to predict all such
factors.
Beazer Homes USA (NYSE:BZH)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Beazer Homes USA (NYSE:BZH)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024