debt
confidence high
sentiment neutral
materiality 0.60
Beazer Homes closes $400M 8.000% note offering; proceeds to redeem $357.3M 2027 notes
BEAZER HOMES USA INC
- Issued $400M of 8.000% Senior Notes due Jan 15, 2032, via private placement.
- Net proceeds to redeem $357.3M of outstanding 5.875% Senior Notes due 2027.
- Interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2027.
- Notes are unsecured senior obligations, guaranteed by certain subsidiaries.
- Redemption prior to July 15, 2028 at 100% plus make-whole premium of Treasury Rate + 0.50%.