Loan & DebtJun 23, 2026, 04:22 PM
Beazer Homes Issues $400M Senior Notes, Redeems $357.3M Debt
AI Summary
Beazer Homes USA, Inc. issued $400 million aggregate principal amount of 8.000% Senior Notes due 2032 through a private placement. The net proceeds from this offering will be used to redeem $357.3 million of its outstanding 5.875% Senior Notes due 2027, including related fees and expenses. This refinancing extends the maturity of a significant portion of the company's debt from 2027 to 2032.
Key Highlights
- Issued $400 million aggregate principal amount of 8.000% Senior Notes due 2032.
- Notes were offered through a private placement to qualified institutional buyers.
- Proceeds will fund the redemption of $357.3 million of 5.875% Senior Notes due 2027.
- New notes mature on January 15, 2032, with interest payable semi-annually.
- The 2027 Notes were due to mature on October 15, 2027.
- New notes are senior unsecured obligations, guaranteed by subsidiaries.
Price Impact
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