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Published on 2/28/2011 in the Prospect News Convertibles Daily, Prospect News High Yield Daily and Prospect News Preferred Stock Daily.

Beazer Homes USA files $750 million shelf for stock, debt, preferreds

By Devika Patel

Knoxville, Tenn., Feb. 28 - Beazer Homes USA, Inc. filed a $750 million shelf registration in an S-3 filing with the Securities and Exchange Commission. The amount includes $141.7 million of securities that were previously registered and unsold.

The registration covers senior and subordinated debt securities, common stock, preferred stock, depositary shares, warrants, rights, stock purchase contracts, stock purchase units, units and guarantees of debt securities.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

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


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