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Home>Beazer Homes Announces Increase in the Maximum Tender Amount of 7.25% Senior Notes due 2023 to be Accepted in its Cash Tender Offer

Beazer Homes Announces Increase in the Maximum Tender Amount of 7.25% Senior Notes due 2023 to be Accepted in its Cash Tender Offer

Beazer Homes Announces Increase in the Maximum Tender Amount of 7.25% Senior Notes due 2023 to be Accepted in its Cash Tender Offer

09/26/2017

Beazer Homes Announces Increase in the Maximum Tender Amount of 7.25% Senior Notes due 2023 to be Accepted in its Cash Tender Offer

Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today that it has increased the maximum aggregate principal amount of its 7.25% Senior Notes due 2023 (the “2023 Notes”) that it is offering to purchase in its previously announced cash tender offer from $75 million to $175 million. The maximum aggregate principal amount of the Company’s 5.75% Senior Notes due 2019 (the “2019 Notes” and together with the 2023 Notes, the “Notes”) that Beazer is offering to purchase in its previously announced cash tender offer will remain at $225 million.

Information related to the Notes and the tender offers is set forth in the table below.

                       
Security    

CUSIP

   

Outstanding
Aggregate
Principal
Amount

   

Maximum
Tender
Amount

    Tender Offer
Consideration (1)(2)
   

Early
Tender
Payment (1)

   

Total
Consideration (1)(2)(3)

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