Beazer Homes prices 12 percent senior notes due 2017 at 89.5 percent of the principal amount
By APThursday, September 3, 2009
Beazer Homes prices senior notes at a discount
ATLANTA — Beazer Homes USA Inc. on Thursday said its private offering of senior secured notes was priced equal to 89.5 percent of the $250 million aggregate principal amount of the notes.
The 12 percent notes are due 2017.
The homebuilder said it intends to sell the notes in the United States to qualified buyers and to some investors abroad. Proceeds will be used to buy back other outstanding debt, Beazer said in a release.
The offering is expected to close around Sept. 11.
Shares of the Atlanta-based company slipped 3 cents to $4 in morning trading.
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