Dream Finders Homes Commences Private Exchange Offer and Consent Solicitation for Beazer Homes USA, Inc.’s Outstanding 7.500% Senior Notes due 2031 and 8.000% Senior Notes due 2032
Dream Finders Homes has commenced private exchange offers and consent solicitations for Beazer Homes' outstanding 7.500% notes due 2031 and 8.000% notes due 2032, totaling $650 million in principal. Holders tendering by the November 4 early participation date receive $1,000 of corresponding Dream Finders notes plus $1.00 cash per $1,000 tendered; the offer expires November 20, 2026.
Key figures
- Coupons
- ["7.500% due 2031","8.000% due 2032"]
- Expiration date
- November 20, 2026
- Total consideration
- $1,000 principal of Dream Finders Notes plus $1.00 cash per $1,000 Beazer Notes
- Series 2031 principal
- $250,000,000
- Series 2032 principal
- $400,000,000
- Early participation date
- November 4, 2026
- Early participation premium
- $50 principal of Dream Finders Notes per $1,000 plus $1.00 cash
AI analysis
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