Beazer receives default notice on unsecured junior subordinated notes

By Caroline Salls

Pittsburgh, May 6 - Beazer Homes USA, Inc. received a default notice on its $103.1 million of unsecured junior subordinated notes due July 2036 for failure to deliver its annual audited and quarterly unaudited financial statements, according to an 8-K filed with the Securities and Exchange Commission.

The company has 30 days to cure the default, and Beazer said it expects to be able to cure the default by May 15.

Beazer is an Atlanta-based builder of single-family homes.

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