New Issue: Beazer Homes prices $50 million add-on to 6 7/8% notes due 2015 at 99.976

By Paul A. Harris

St. Louis, July 14 - Beazer Homes USA Inc. priced a $50 million add-on to its 6 7/8% senior notes due July 15, 2015 (existing ratings Ba1/BB) at 99.976 on Thursday to yield 6 7/8%, according to a market source.

UBS Investment Bank ran the books for the Rule 144A add-on.

The original $300 million issue price on June 1.

The issuer is an Atlanta-based homebuilder.

Issuer:	Beazer Homes USA Inc.
Amount:	$50 million
Maturity:	July 15, 2015
Security description:	Add-on to the 6 7/8% senior notes due July 15, 2015
Bookrunner:	UBS Investment Bank
Coupon:	6 7/8%
Price:	99.976
Yield:	6 7/8%
Spread:	270 basis points
Call features:	Callable on July 15, 2010 at 103.438
Trade date:	July 14
Settlement date:	July 19 with accrued interest
Existing ratings:	Moody's: Ba1
	Standard & Poor's: BB

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