secwatch.observer — SEC 8-K summary
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Issuer:     BEAZER HOMES USA INC (BZH)
CIK:        0000915840
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001193125-22-262270
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Beazer Homes enters $265M unsecured revolving credit facility, replaces prior agreement
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- New $265M senior unsecured revolving credit facility, with option to increase commitments by up to $135M.
- Facility terminates October 9, 2026; JPMorgan Chase Bank acts as administrative agent and issuing lender.
- Replaces and terminates prior Credit Suisse-agented credit facility; all outstanding obligations repaid.
- Financial covenants include max leverage ratio, minimum liquidity, interest coverage, and net worth tests.
- Proceeds to be used for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915840/000119312522262270/0001193125-22-262270-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915840/000119312522262270/d412606d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-262270

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