Beazer Homes raises $153.8 million from stock and debt offerings
By APTuesday, January 12, 2010
Beazer Homes raises $153.8M from stock, debt sales
ATLANTA — Beazer Homes USA Inc. said Tuesday it netted $153.8 million from stock and debt offerings.
The homebuilder sold 22.4 million common shares for $4.60 each and $57.5 million in convertible notes due 2013.
The money raised by the offerings will replace funds used to refinance 8.625 percent senior notes that are due in 2011.
Beazer Homes shares fell 13 cents, or 2.5 percent, to $5.11 in early afternoon trading.
YOUR VIEW POINT
