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Beazer Homes repays remaining $55 million under term loan via notes
By Tali Rackner
Norfolk, Va., March 15 – Beazer Homes USA, Inc. repaid the remaining $55 million outstanding under its secured term loan dated March 11, 2016 using the proceeds from a new senior note offering, according to an 8-K filing with the Securities and Exchange Commission.
The company sold $250 million of 6¾% senior notes due March 15, 2025 on Tuesday. Proceeds were also used to repay all of the company’s outstanding 7½% senior notes due 2021.
Beazer is an Atlanta-based single-family homebuilder.
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