Beazer Homes USA, announced today the expansion and extension of its Senior Secured Credit Facility. The amendment increases the size of the facility to $180 million, and extends the maturity to February 2019. Additionally, the revised terms include a reduction in the required aggregate collateral ratio securing the Facility.
“This transaction further evidences the progress we’ve made in improving our balance sheet,” said Bob Salomon, CFO in a press release. “We appreciate the continued support of our lender group as we execute our balanced growth strategy.”