Key Developments: Beazer Homes USA Inc (BZH.N)
17.01USD
4:00pm EDT
$-0.18 (-1.05%)
$17.19
$17.55
$17.92
$16.96
159,841
199,787
$23.29
$10.90
Latest Key Developments (Source: Significant Developments)
Beazer Homes USA Inc Issues Q4, H2 2013 Earnings Guidance Above Analysts' Estimates
Beazer Homes USA Inc announced it expects to report positive net income for fourth quarter of 2013, which should allow the Company to be profitable for the second half of fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report net income of $(8.68) million for fourth quarter of 2013, net income of $(15.42) million for third quarter of 2013. Full Article
Beazer Homes USA Inc Reaffirms FY 2013 EBITDA Guidance-Conference Call
Beazer Homes USA Inc announced that for fiscal 2013, it expects to generate adjusted EBITDA of at least $50 million. Full Article
Beazer Homes USA Inc Announces Closing Of Offering Of $200 Million Senior Notes
Beazer Homes USA Inc announced the completion of its previously-announced offering of $200 million of 7.250% Senior Notes due 2023 (the Notes). The Notes were offered in a private offering that was exempt from the registration requirements of the Securities Act of 1933 (the Securities Act). The Company offered the Notes within the United States to qualified institutional buyers in accordance with Rule 144A and outside the United States in accordance with Regulation S under the Securities Act. The net proceeds from the offering have been or will be used to fund or replenish cash that was used to fund the redemption of the Company`s 6⅞% senior notes due 2015 (the 2015 Notes) and for general corporate purposes. The 2015 Notes have been called for redemption, and the redemption will occur on February 19, 2013. Full Article
Beazer Homes USA Inc Reaffirms FY 2013 EBITDA Guidance-Conference Call
Beazer Homes USA Inc announced that for fiscal 2013, it expects to deliver adjusted EBITDA of at least $50 million. Full Article
Beazer Homes USA Inc Proposes Offering of $200 Million Senior Notes
Beazer Homes USA Inc announced that it is proposing to issue $200 million aggregate principal amount of Senior Notes due 2023 (the Notes) in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the Securities Act). The Company intends to offer the Notes within the United States to qualified institutional buyers in accordance with Rule 144A and outside the United States in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering to fund or replenish cash that is expected to be used to fund the redemption of its 6⅞% senior notes due 2015 and for general corporate purposes. Full Article
Beazer Homes USA Inc Issues FY 2013 EBITDA Guidance Above Analysts' Estimates-Conference Call
Beazer Homes USA Inc announced that for fiscal 2013, it expects to deliver adjusted EBITDA of at least $50 million or approximately $30 million more than adjusted EBITDA in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EBITDA of $(31) million for fiscal 2013. Full Article
Beazer Homes USA, Inc. Announces Closings Of Over $470 Million Of Offerings And Redemption Of 12% Senior Secured Notes
Beazer Homes USA, Inc. announced that the closings this week of its underwritten public offerings of 22,000,000 shares of common stock and 4,600,000 of 7.50% tangible equity units (collectively, the equity offerings) as well as the closing of its offering of $300 million aggregate principal amount of 6.625% Senior Secured Notes due 2018 at par (the 2018 notes offering). The closing of the Company’s offering of tangible equity units includes the exercise by the underwriters of an over-allotment option of 600,000 units. Net proceeds from the equity offerings will be used to grow the Company's operations, including land investments in Florida, California, Texas, North Carolina and Arizona of approximately $100 million, and for general corporate purposes, including the repayment of outstanding indebtedness. The Company used the net proceeds from the 2018 notes offering to replenish cash used to fund the redemption of the Company’s 12% senior secured notes due 2017 (the 2017 notes) and for general corporate purposes. In connection with the redemption of the 2017 notes, which will occur on August 17, 2012, the Company announced that it had satisfied and discharged its obligations under the 2017 notes by depositing funds sufficient for the redemption. Full Article
Beazer Homes USA, Inc. Announces Pricing of Upsized Offering of $300 Million Senior Secured Notes
Beazer Homes USA, Inc. announced that it priced its previously announced offering of $300 million aggregate principal amount of 6.625% Senior Secured Notes due 2018 (the Notes) at par. This represents an increase of $25 million over the aggregate principal amount previously announced. The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933 (the Securities Act). The Company is offering the Notes within the United States to qualified institutional buyers in accordance with Rule 144A and outside the United States in accordance with Regulation S under the Securities Act. The Company intends to use the net proceeds from the offering to fund or replenish cash that is expected to be used to fund the redemption of its 12% senior secured notes due 2017 and for general corporate purposes. Full Article
Beazer Homes USA, Inc. Announces Pricing of $164 Million Aggregate Offerings of Common Stock and Tangible Equity Units
Beazer Homes USA, Inc. announced that it has priced its previously announced offering of 22,000,000 shares of its common stock at a price to the public of $2.90 per share, resulting in net proceeds of approximately $60.1 million to the Company, after deducting underwriting discounts and commissions and estimated offering expenses. The Company also priced its offering of 4,000,000 7.50% tangible equity units at $25 each, resulting in net proceeds to the Company of approximately $96.5 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 tangible equity units to cover over-allotments and a 30-day option to purchase up to an additional 3,300,000 shares of common stock. The Company intends to apply to list the tangible equity units on the New York Stock Exchange under the symbol BZT. The Company intends to use the net proceeds from these concurrent offerings for growth capital, including for approximately $100 million of potential land investments in Florida, California, Texas, North Carolina and Arizona, and for general corporate purposes, including the repayment of outstanding indebtedness. Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Deutsche Bank Securities Inc. and UBS Securities LLC are serving as the joint book-running managers for the offerings and KKR Capital Markets LLC and Moelis & Company LLC are serving as co-managers for the offerings. Full Article
Beazer Homes USA, Inc. Announces Proposed Public Offerings of Common Stock and Tangible Equity Units
Beazer Homes USA, Inc. announced that it has commenced concurrent underwritten public offerings of common stock and tangible equity units. The Company is offering $75 million of its common stock and 3,000,000 (equal to $75 million) of its tangible equity units in the concurrent offerings. The units are comprised of a prepaid stock purchase contract and an unsecured senior amortizing note due 2015. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the tangible equity units sold to cover over-allotments and a 30-day option to purchase up to an additional 15% of the shares of common stock. The Company's common stock is listed on the New York Stock Exchange under the symbol BZH, and the Company intends to apply to list the tangible equity units on the New York Stock Exchange under the symbol BZT. The Company intends to use the net proceeds from these concurrent offerings for growth capital, including for approximately $100 million of potential land investments in Florida, California, Texas, North Carolina and Arizona, and for general corporate purposes, including the repayment of outstanding indebtedness. Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Deutsche Bank Securities Inc. and UBS Securities LLC are serving as the joint book-running managers for the offerings and KKR Capital Markets LLC and Moelis & Company LLC are serving as co-managers for the offerings. Full Article
BRIEF-Beazer Homes up 5.7 pct premarket after results
NEW YORK, May 2 - Beazer Homes USA Inc : * Shares up 5.7 percent in premarket trading after results

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