Beazer Homes Announces Tender Offers for 5.75% Senior Notes Due 2019 and 7.25% Senior Notes Due 2023
Beazer Homes USA, Inc. (NYSE:BZH) (the “Company”) announced today that it has commenced cash tender offers for up to $225 million of its 5.25% Senior Notes due 2019 (the “2019 Notes”) and up to $75 million of its 7.25% Senior Notes due 2023 (the “2023 Notes” and together with the 2019 Notes, the “Notes”).
Information related to the Notes and the tender offer is set forth in the table below.
Security |
CUSIP |
Outstanding |
Maximum |
Tender Offer |
Early |
Total |
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5.75% Senior Notes due 2019 | 07556QBH7 | $321,393,000 | $225,000,000 | $1,030.00 | $30 | $1,060.00 | ||||||||||||||||||
7.25% Senior Notes due 2023 | 07756QBD6 | $199,834,000 | $75,000,000 | $1,022.75 | $30 | $1,052.75 | ||||||||||||||||||
(1) Per $1,000 principal amount of Notes validly tendered and accepted. (2) Accrued interest will be paid in addition to the Total Consideration or the Tender Offer Consideration, as applicable. (3) Includes Tender Offer Consideration and Early Tender Payment. |
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The tender offers will expire at 12:00 midnight, New York City time, at the end of the day on October 23, 2017, unless extended or earlier terminated by the Company (such time and date, as the same may be extended or earlier terminated, the “Expiration Time”). In order to be eligible to receive the Total Consideration (as described below) for tendered Notes, holders must validly tender and not validly withdraw their Notes prior to 5:00 p.m., New York City time, on October 6, 2017, unless extended or earlier terminated by the Company (such time and date, as the same may be extended or earlier terminated, the “Early Tender Deadline”).