Beazer Homes USA Inc. Announces Pricing of Offering of $200 Million Senior Notes
January 29, 2013 at 04:01 pm
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Beazer Homes USA Inc. priced its previously-announced offering of $200 million aggregate principal amount of 7.25% Senior Notes due 2023 at par. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The company is offering the Notes 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 is expected to be used to fund the redemption of its 67/8% senior notes due 2015 and for general corporate purposes.
Beazer Homes USA, Inc. is a geographically diversified homebuilder. The Company operates through three segments: West, East and Southeast. Its West segment includes Arizona, California, Nevada, and Texas. Its East segment includes Indiana, Maryland/Delaware, Tennessee, and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina, and South Carolina. It uses its digital and traditional marketing vehicles and other promotional activities, including its Website www.beazer.com, real estate listing sites, digital advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing, and out-of-home advertising, including billboards and signage located in the areas of its developments, as well as additional activities. The Company has operations in approximately 13 states within three geographic regions in the United States. The Company has maintained and owned approximately 242 model homes.
BEAZER HOMES USA, INC. 
