Dream Finders Homes, Inc. Announces Consent Solicitation for 7.500% Senior Notes Due 2031 and 8.000% Senior Notes Due 2032 of Beazer Homes USA, Inc.
Dream Finders Homes launched a consent solicitation for Beazer Homes USA's 7.500% senior notes due 2031 and 8.000% senior notes due 2032 as part of its proposed acquisition of Beazer under the August 6, 2026 merger agreement. The proposed amendment would redefine 'Change of Control' so the merger does not trigger change-of-control offers requiring Beazer to repurchase the notes at 101% of principal; consenting holders receive fees of $22.50 and $10.00 per $1,000 for the 2031 and 2032 notes, respectively.
Key figures
- Coupon 2031 notes
- 7.500%
- Coupon 2032 notes
- 8.000%
- Requisite consents
- majority in aggregate principal amount of each series
- Expected merger close
- Q4 2026
- Merger agreement date
- August 6, 2026
- Consent fee 2031 notes
- $22.50 per $1,000 principal
- Consent fee 2032 notes
- $10.00 per $1,000 principal
- Obligor exchange window
- no later than 120 days after merger closing
- Consent solicitation expiration
- 5:00 p.m. New York City time, September 15, 2026
- Change of control offer price if consents fail
- 101% of aggregate principal amount plus accrued interest
AI analysis
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