Beazer Homes Announces Pricing of $250 Million Senior Notes Offering
09 11월 2010 - 7:30AM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) (the “Company”) announced today
that it priced its previously announced offering of 9.125% Senior
Notes due 2019 (the “Notes”) at 98.555% of the $250 million
aggregate principal amount issued, resulting in net proceeds of
approximately $242 million. The Notes are being offered in a
private offering that is exempt from the registration requirements
of the Securities Act of 1933 (the “Securities Act”). The Notes are
being offered within the United States to qualified institutional
buyers in accordance with Rule 144A and outside the United States
in accordance with Regulation S under the Securities Act. The
Company intends to use the net proceeds from the offering to fund
or replenish cash that has been used to fund the prior redemption
or repurchase of its outstanding senior notes. The offering is
expected to close on or around November 12, 2010, subject to
customary closing conditions.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any of the Notes nor does it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale is unlawful. The Notes will
not be registered under the Securities Act or applicable state
securities laws, and are being offered only to qualified
institutional buyers in reliance on Rule 144A under the Securities
Act and outside the United States in accordance with Regulation S
under the Securities Act. Unless so registered, the Notes cannot be
offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws.
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, 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 and the Company’s ability to
complete the offering. For more information, see the Company’s
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-K for the fiscal year ended September 30,
2010.
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.
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