ATLANTA--(BUSINESS WIRE)--Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) announced today the expansion and extension of its senior secured credit facility. The amendment increases the size of the facility to $200 million, and extends the maturity to February 2020.
“The transaction underscores our ability to execute our balanced growth strategy, with our focus on achieving and eventually surpassing our ‘2B-10’ target while improving the health of our balance sheet,” said Bob Salomon, Chief Financial Officer. Mr. Salomon continued, “We appreciate the continued support of our lender group as we make progress toward our goals.”
Headquartered in Atlanta, Beazer Homes is one of the country’s largest single-family homebuilders. 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 offers homes in 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.”