-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B9dQRoMcRLK3AN7Sg5gaDp41qfGOyoLpdO6F6aJZoLL39vXkQjtI8plIBEWCSR3u k0ZOMyg4l8twTxgj/onZsw== 0001047469-03-022383.txt : 20030626 0001047469-03-022383.hdr.sgml : 20030626 20030626135659 ACCESSION NUMBER: 0001047469-03-022383 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAZER HOMES USA INC CENTRAL INDEX KEY: 0000915840 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 582086934 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12822 FILM NUMBER: 03758284 BUSINESS ADDRESS: STREET 1: 5775 PEACHTREE DUNW00DY RD STREET 2: STE B 200 CITY: ATLANTA STATE: GA ZIP: 30342 BUSINESS PHONE: 4042503420 MAIL ADDRESS: STREET 1: 5775 PEACHTREE DUNWOODY RD STREET 2: STE C-200 CITY: ATLANTA STATE: GA ZIP: 30342 8-K 1 a2113672z8-k.htm FORM 8-K
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549



FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: June 26, 2003

BEAZER HOMES USA, INC.
(Exact name of registrant as specified in its charter)

DELAWARE
(State or other jurisdiction of incorporation)
  001-12822
(Commission File Number)
  54-2086934
(IRS Employer Identification No.)

5775 Peachtree Dunwoody Road, Suite B-200
Atlanta Georgia 30342
(Address of Principal Executive Offices)

(404) 250-3420
(Registrant's telephone number, including area code)

None
(Former name or former address, if changed since last report)





Item 5. Other Events.

        On June 24, 2003, Beazer Homes USA, Inc. (the "Company") issued the press release attached hereto as exhibit 99.1 and made a part hereof announcing that the Company has completed the previously announced redemption of all of its $100 million 8.875% Senior Notes due 2008 and expects to record a pre-tax charge of approximately $7.6 million (approximately $0.34 per share, after tax) during the quarter ending June 30, 2003 related to the redemption of the notes and the refinancing of its existing term loan. For additional information, please see the press release.


Item 7. Financial Statements and Exhibits.

(c)
Exhibits

99.1
Press release issued June 24, 2003.

2



SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    BEAZER HOMES USA, INC.

Date: June 26, 2003

 

By:

 

/s/  
DAVID S. WEISS      
David S. Weiss
Executive Vice President and Chief Financial Officer

3




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SIGNATURES
EX-99.1 3 a2113672zex-99_1.htm EXHIBIT 99.1
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Exhibit 99.1

         LOGO

    Press Release
For Immediate Release


Beazer Homes Completes Redemption of $100 Million Senior Notes;
Anticipates Charge Related to Retirement

Atlanta, Georgia, June 24, 2003—Beazer Homes USA, Inc. (NYSE: BZH) (www.beazer.com) today announced that it has completed the previously announced redemption of all of its $100 million 8.875% Senior Notes due 2008 (the "2008 Notes") at 104.438% of the principal amount, plus accrued interest. During the quarter ending June 30, 2003, the Company expects to record a pre-tax charge of approximately $7.6 million (approximately $0.34 per share, after tax) related to the redemption of the 2008 Notes and the refinancing of its existing term loan, which increased the principal amount of the term loan from $100 million to $200 million and extended the maturity from December 2004 to June 2007. The refinancing of the 2008 Notes reduces the Company's borrowing costs by approximately $6 million per year, based upon current borrowing rates under its new term loan.

Beazer Homes USA, Inc., based in Atlanta, Georgia, is one of the country's ten largest single-family homebuilders with operations in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia. Beazer Homes also provides mortgage origination, title and insurance services to its homebuyers.

Contact:   David S. Weiss
Executive Vice President and Chief Financial Officer
(404) 250-3420
dweiss@beazer.com

Note:

 

Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks, uncertainties and other factors include, but are not limited to changes in general economic conditions, fluctuations in interest rates, increases in raw materials and labor costs, levels of competition and other factors described in the Company's Annual Report for the year ended September 30, 2002.



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Beazer Homes Completes Redemption of $100 Million Senior Notes; Anticipates Charge Related to Retirement
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