Beazer Homes Announces $50 Million Term Loan Prepayment
01 8월 2016 - 9:09PM
Business Wire
Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced
today that it has prepaid an additional $50 million of its 2-year
Secured Term Loan, leaving an outstanding principal balance of
$72.5 million and bringing year to date debt reduction to over $121
million. The prepayment of the Term Loan follows the Company’s
fiscal third quarter earnings release, in which it announced its
intention to accelerate its deleveraging goals. The Company now
intends to reduce debt by $150 million in fiscal 2016 and an
aggregate of at least $250 million through fiscal 2018.
“We continue to move forward with our balanced growth approach,
which includes improving profitability and reducing leverage as we
progress toward our “2B-10” goals,” said Robert Salomon, Beazer
Homes Chief Financial Officer. Mr. Salomon continued, “This
prepayment of the Term Loan allows us to reduce debt and interest
expense, eliminate near-term principal payments and accelerate our
progress toward an unsecured capital structure.”
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes is a geographically
diversified homebuilder with active operations in 13 states within
three geographic regions in the United States. The Company’s homes
meet or exceed the benchmark for energy-efficient home construction
as established by ENERGY STAR® and are designed with Choice Plans
to meet the personal preferences and lifestyles of its buyers. In
addition, the Company is committed to providing a range of
preferred lender choices to facilitate transparent competition
between lenders and enhanced customer service. The Company’s active
operations are in the following states: Arizona, California
Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North
Carolina, South Carolina, Tennessee, Texas and Virginia. Beazer
Homes is listed on the New York Stock Exchange under the ticker
symbol “BZH.”
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version on businesswire.com: http://www.businesswire.com/news/home/20160801005664/en/
Beazer Homes USA, Inc.David I. Goldberg, 770-829-3700Vice
President of Treasury and Investor
Relationsinvestor.relations@beazer.com
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