Beazer Homes USA, Inc. announced the expansion and extension of its senior secured credit facility. The amendment increases the size of the facility to $180 million from $145 million as indicated in an SEC 8-K filing, and extends the maturity to February 2019. Additionally, the revised terms include a reduction in the required aggregate collateral ratio securing the facility. Credit Suisse AG is serving as agent on the amendment.
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.