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Beazer Homes Announces Expansion of Revolving Credit Facility to $525 million

businesswire.com
BZH The company expanded its revolving credit facility, increasing liquidity and financial flexibility. While this is positive for operations, the article also includes standard forward-looking statement disclaimers, indicating a neutral overall sentiment.

Beazer Homes Announces Expansion of Revolving Credit Facility to $525 million ATLANTA--( BUSINESS WIRE)--Beazer Homes USA, Inc. (the “Company”) (NYSE: BZH) announced that it has entered into a third amendment to its existing senior unsecured revolving credit facility (“Credit Facility”) that increased the available aggregate commitment amount by $160 million to $525 million. The amendment also extends the maturity date of the Credit Facility from March 15, 2028 to March 13, 2030.

The amendment to the Credit Facility was arranged by JP Morgan Chase Bank, N.A., Royal Bank of Canada, Truist Securities, Inc. and Regions Capital Markets, a division of Regions Bank. Royal Bank of Canada, Truist Bank and Regions Bank served as Syndication Agents, and JP Morgan Chase Bank, N.A., as Administrative Agent.

“We continue to execute our differentiated product strategy and progress toward achieving our Multi-Year Goals for growing community count, de-leveraging, and increasing book value per share,” said David Goldberg, Senior Vice President and Chief Financial Officer. “The expanded revolver provides increased liquidity and financial flexibility as we pursue these goals and reflects the broad support from our valued banking partners.”

About Beazer Homes

Beazer Homes (NYSE: BZH), headquartered in Atlanta, Georgia, is a leading national homebuilder in energy-efficient construction. Building on a legacy spanning nine generations, Beazer crafts homes that deliver savings and lasting value. Our trusted team of experts guide homebuyers through the building and purchasing process to deliver an industry-leading customer experience. With curated design options, buyers can personalize their homes with confidence. Beazer's exclusive Mortgage Choice program provides access to competitive loan offers from multiple lenders, helping homebuyers choose the best financing for their individual needs. Beazer builds in 13 states nationwide. Learn more at beazer.com or follow us @BeazerHomes.

This press release contains forward-looking statements. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements, including, among other things:

Any forward-looking statement, including any statement expressing confidence regarding future outcomes, speaks only as of the date on which such statement is made and, except as required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all such factors.