Beazer Homes talks $200 million eight-year notes to yield 7¼% area

By Paul A. Harris

Portland, Ore., Sept. 16 - Beazer Homes USA, Inc. talked a $200 million offering of eight-year senior notes (expected ratings Caa2/CCC) to yield in the 7¼% area, market sources said on Monday.

The deal was scheduled to price on Monday; however, trailing the Monday close no terms were available, sources said.

Goldman Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and UBS Investment Bank are the joint bookrunners.

The Rule 144A and Regulation S notes come with three years of call protection.

The Atlanta-based homebuilder plans to use the proceeds for general corporate purposes including potential land acquisitions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.