Beazer Homes Announces $150 Million Convertible Notes Offering
02 6월 2004 - 6:48AM
PR Newswire (US)
Beazer Homes Announces $150 Million Convertible Notes Offering
ATLANTA, June 1 /PRNewswire-FirstCall/ -- Beazer Homes USA, Inc.
(NYSE:BZH) ( http://www.beazer.com/ ) today announced that it
intends to offer, subject to market and other conditions,
approximately $150 million aggregate principal amount of
Convertible Senior Notes due 2024 through an offering to qualified
institutional buyers. The interest rate, conversion rate and
offering price are to be determined by negotiations between Beazer
Homes and the initial purchasers of the notes. Beazer Homes also
announced that it expects to grant the initial purchasers a 12-day
option to purchase up to an additional $30 million principal amount
of notes in connection with the offering. Beazer Homes intends to
use the net proceeds of the offering for general corporate purposes
including land acquisition and share repurchases from time to time
under its previously announced repurchase program. Beazer Homes
USA, Inc., headquartered in Atlanta is one of the country's ten
largest single-family homebuilders with operations in Arizona,
California, Colorado, Delaware, Florida, Georgia, Indiana,
Kentucky, Maryland, Mississippi, Nevada, New Jersey, North
Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and
Virginia. Beazer Homes also provides mortgage origination and title
services to its homebuyers. This press release does not constitute
an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the notes referred to herein in any state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. The notes will not be registered under the Securities Act or
applicable state securities laws, and are being offered by the
initial purchasers only to qualified institutional buyers in
reliance on Rule 144A under the Securities. 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. DATASOURCE: Beazer Homes USA, Inc. CONTACT:
Leslie H. Kratcoski, Director, Investor Relations of Beazer Homes
USA, Inc., +1-770-829-3764, or Web site: http://www.beazer.com/
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