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Beazer Homes Announces Redemption of 2016 Senior Unsecured Notes and Completion of New $140 Million Secured Term Loan

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ATLANTA--(BUSINESS WIRE)--Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) (the “Company”) announced today that it has called for redemption of its Senior Notes due 2016 and entered into a Credit Agreement with a group of institutions that will provide a $140 million 2-year Secured Term Loan. The Term Loan is secured with a second-priority security interest on a pari passu basis with the collateral securing the Company’s Senior Secured Notes due 2018. The Term Loan will amortize with equal q


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