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Beazer Homes buys back $139.3 million in senior notes, convertibles
By Devika Patel
Knoxville, Tenn., Sept. 2 - Beazer Homes USA, Inc. has repurchased and retired about $139.3 million of its senior notes for $102.5 million since June 30, including $15 million of its convertible notes, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
Specifically, the company bought back $47.7 million of its 8 5/8% senior notes due 2011, $13.5 million of its 6½% senior notes due 2013, $31.4 million of its 6 7/8% senior notes due 2015, $31.7 million of its 8 1/8% senior notes due 2016 and $15 million of convertible senior notes due 2024.
These repurchases are expected to result in a $34.5 million gain on the extinguishment of debt.
Beazer Homes is an Atlanta-based builder of single-family homes.
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