Beazer Homes USA, Inc., Atlanta (NYSE:BZH) on Tuesday issued and sold $400 million aggregate principal amount of its 5.875% Senior Notes due 2027 through a private placement to qualified institutional buyers.

The Notes were initially sold pursuant to a purchase agreement, dated September 25, 2017, among the Company, the wholly-owned subsidiaries named as guarantors therein (the “Guarantors”) and Credit Suisse Securities (USA) LLC, as representative of the initial purchasers named therein (the “Initial Purchasers”).

The proceeds from the offering were used, together with cash on hand, to fund the repayment of $225 million of the Company’s 5.75% Senior Notes due 2019 and $175 million of its 7.25% Senior Notes due 2023, including fees and expenses related to tender offers for the 2019 Notes and the 2023 Notes.