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January 29, 2013
12:37 EDTBZHBeazer Homes announces private offering of $200M Senior Notes
Beazer Homes USA announced last night that it is proposing to issue $200M aggregate principal amount of Senior Notes due 2023 in a private offering that is exempt from the registration requirements of the Securities Act of 1933. The company said it 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 6% senior notes due 2015 and for general corporate purposes. Shares of Beazer Homes are up in midday trading, like most of the Home Builders segment. In early afternoon trade, Beazer Homes is up about 5% to $19.08.
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January 30, 2015
06:38 EDTBZHBeazer Homes reports Q1 new home orders up 7.9% to 966
Reports Q1 total home closings down 14.7% to 885. Reports Q1-end backlog up 1.2% to 1,771.
06:37 EDTBZHBeazer Homes 'on track' to meet 2B-10 objectives to reach $2B in revenue by 2016
The company remains on track to meet its 2B-10 objectives to reach $2B in revenue with a 10% Adjusted EBITDA margin by the end of fiscal 2016. In the quarter ended December 31, 2014, orders were up 7.9%, average selling prices were up $16 thousand, or 5.8%, the quarter-end community count was up 13 percent and homebuilding gross margins improved by 60 basis points.
06:37 EDTBZHBeazer Homes reports Q1 EPS (84c), consensus (12c)
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