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Beazer Homes (NYSE: BZH) boosts revolving credit facility to $525M and extends term
Beazer Homes USA, Inc. has increased its senior unsecured revolving credit facility by $160 million to a total of $525 million, and extended its maturity date from March 15, 2028, to March 13, 2030. This amendment, arranged by JP Morgan Chase Bank, N.A. with other major banks, aims to provide additional liquidity and financial flexibility to support the company’s goals of community growth, de-leveraging, and increasing book value per share. The company views this as a strategic move to manage its financial obligations and pursue its multi-year objectives.