New Issue-Beazer Homes USA sells $250M 8-yr sr notes
Sept 3 (Reuters) - Beazer Homes USA Inc (BZH.N: Quote, Profile, Research) on Thursday sold $250 million of senior secured second lien notes in the 144a private placement market, said IFR, a Thomson Reuters service.
The size of the deal was increased from an originally planned $160 million.
Citigroup was the sole bookrunning manager for the sale. BORROWER: BEAZER HOMES USA INC AMT $250 MLN* COUPON 12.0 PCT MATURITY 10/15/2017 TYPE SNR SEC NTS ISS PRICE 89.5 FIRST PAY 4/15/2010 MOODY'S B1 YIELD 14.215 PCT SETTLEMENT 9/11/2009 S&P CCC-PLUS SPREAD 1087.8 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS NON-CALLABLE 3 YEARS** *$223.75 MLN PROCEEDS TO ISSUER **MAKE-WHOLE CALL 50 BPS
© Thomson Reuters 2010. All rights reserved. | Learn more about Thomson Reuters
