Beazer tenders for $198 million 7½% senior notes due 2021 at 106.025

By Susanna Moon

Chicago, March 7 – Beazer Homes USA, Inc. began a cash tender offer for its $198 million of outstanding 7½% senior notes due 2021.

The purchase price will be $1,060.25 for each $1,000 principal amount plus accrued interest.

The tender offer will end at 5 p.m. ET on March 13.

The tender is contingent on the company receiving at least $250 million of proceeds from one or more offerings of senior notes, according to a company announcement.

Credit Suisse Securities (USA) LLC (800 820-1653 or 212 325-2476) is the dealer manager. D.F. King & Co., Inc. (212 269-5550, 800 967-5068 or dfking.com/bzh) is the tender and information agent.

The company is an Atlanta-based homebuilder.

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