Beazer calls 7½% notes due 2021 for redemption on April 13

New York, March 15 – Beazer Homes USA, Inc. will redeem its $22,601,000 of remaining 7½% senior notes due 2021 on April 13, according to a notice from the issuer.

Holders will receive 105.625% of par plus accrued interest up to but excluding the redemption date.

Beazer on Tuesday settled a tender offer for the notes in which it bought $175.4 million, or 88.59%, of its $198 million outstanding.

The company will pay $1,060.25 for each $1,000 principal amount plus accrued interest.

Beazer said it would call the notes left outstanding as soon as practical after settlement.

Beazer is an Atlanta-based homebuilder.

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