Beazer buys back $20 million 8 5/8% notes, $10 million 8 3/8% notes

By Angela McDaniels

Seattle, April 26 - Beazer Homes USA, Inc. repurchased $10 million of its outstanding 8 5/8% senior notes due 2011 and $10 million of its outstanding 8 3/8% senior notes due 2012 in the open market during March, according to the company's 10-Q report for the quarter ended March 31.

The total purchase price was $20.6 million, or an average of 102.8% of par plus accrued interest, the filing with the Securities and Exchange Commission said.

The company said it repurchased another $10 million of the 8 5/8% notes on March 28 for $9.85 million.

As of March 31, there were $190 million of the 8 5/8% notes and $340 million of the 8 3/8% notes outstanding.

Beazer Homes is an Atlanta-based single-family homebuilder.

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