ATLANTA--(BUSINESS WIRE)--Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) today priced its previously announced tack-on offering of an additional $100 million aggregate principal amount of its 8.75% Senior Unsecured Notes due 2022 (the “Additional Notes”). The Additional Notes will be issued at an offering price of 104.250% of their face amount (plus accrued interest from September 21, 2016). The Additional Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”).
The Company is offering the Additional Notes to qualified institutional buyers in accordance with Rule 144A or outside the United States in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 9.125% Senior Notes due 2019.