ATLANTA--(BUSINESS WIRE)--Beazer Homes USA, Inc. (NYSE: BZH) (the “Company”) announced today the expansion and extension of its Senior Secured Credit Facility. The amendment increases the size of the facility to $180 million, and extends the maturity to February 2019. Additionally, the revised terms include a reduction in the required aggregate collateral ratio securing the Facility.
“This transaction further evidences the progress we’ve made in improving our balance sheet,” said Bob Salomon, Chief Financial Officer. “We appreciate the continued support of our lender group as we execute our balanced growth strategy.”
About Beazer Homes USA, Inc.
Headquartered in Atlanta, Beazer Homes is a geographically diversified homebuilder with active operations in 13 states within three geographic regions in the United States. The Company's homes meet or exceed the benchmark for energy-efficient home construction as established by ENERGY STAR® and are designed with Choice Plans to meet the personal preferences and lifestyles of its buyers. In addition, the Company is committed to providing a range of preferred lender choices to facilitate transparent competition between lenders and enhanced customer service. The Company's active operations are in the following states: Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas and Virginia. Beazer Homes is listed on the New York Stock Exchange under the ticker symbol “BZH.”