Beazer Homes to use proceeds from offering to fund note repurchases

By Angela McDaniels

Tacoma, Wash., Sept. 1 - Beazer Homes USA, Inc. plans to use the proceeds from a proposed sale of notes to fund open-market repurchases of its outstanding senior notes that it has agreed to make or to replenish cash that has been used for repurchases made since April 1, according to a company news release.

The company is planning to price 12% senior secured notes due 2017.

Beazer is a homebuilder based in Atlanta.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.