Dream Finders Homes launches $650 million senior notes exchange offer
BZH•Dream Finders Homes launched private offers to exchange $650 million of Beazer senior notes for new senior notes following its acquisition. The offers cover $250 million of 7.5% notes due 2031 and $400 million of 8% notes due 2032.
1. Exchange offer terms
Tenders by November 4, 2026, qualify for $1,000 in corresponding new notes and $1 cash per $1,000 principal. Later tenders receive $950 in new notes per $1,000 principal. The offers expire November 20, 2026, at 5 p.m. New York time.
2. Consent solicitations
Related consent solicitations seek to eliminate substantially all restrictive covenants and events of default. The exchange aims to simplify the capital structure.
