Beazer Homes to redeem 6 7/8% senior notes due 2015 via new offering

By Tali David

Minneapolis, Jan. 28 - Beazer Homes USA, Inc.'s plans to use the proceeds of its planned offering of $200 million of senior notes due 2023 to fund or replenish cash that is expected to be used to fund the redemption of the company's 6 7/8% senior notes due 2015, according to a filing with the Securities and Exchange Commission.

It will also use proceeds for general corporate purposes.

Beazer is a single-family homebuilder based in Atlanta.

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