Beazer Homes completes merger at $33.50 per share
BZH•Beazer Homes USA completed its merger and became a wholly owned subsidiary of the buyer. Eligible shares were converted into the right to receive $33.50 each in cash, and the buyer funded redemption of $350 million in 7.25% Senior Notes due 2029.
1. Merger completed
Beazer Homes USA completed its merger, becoming a wholly owned subsidiary of the buyer. Eligible outstanding shares were converted into the right to receive $33.50 each in cash, without interest and subject to withholding taxes. The company repaid all outstanding credit agreement obligations, terminating the facility, and the buyer deposited sufficient funds to redeem all outstanding $350 million of 7.25% Senior Notes due 2029.
