BEAZER HOMES USA, INC. (NYSE:BZH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On October 24, 2017, Beazer Homes USA, Inc. (the “Company”) executed a Fourth Amendment (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, among the Company, as borrower, the lenders party thereto, the issuers party thereto, and Credit Suisse AG, Cayman Islands Brach, as agent, as amended on November 10, 2014, November 6, 2015 and October 13, 2016 (as amended, the “Credit Agreement”). The Amendment, among other things:
| • | increases the maximum aggregate amount of commitments under the Credit Agreement from $180 million to $200 million, |
| • | permits the maximum aggregate amount of commitments under the Credit Agreement to be increased to up to $250 million to one or more additional incremental increases, subject to the approval of any lenders providing such increases, and |
| • | extends the termination date from February 15, 2019 to February 15, 2020. |
The foregoing description of the Amendment is qualified in its entirety to the full text of the Amendment filed herewith as Exhibit 10.1 and incorporated in this Item 1.01 by reference.
| Item 1.01. | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 1.01.
Item 1.01. Financial Statements and Exhibits.
| 10.1 | Fourth Amendment to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, among the Company, as borrower, the lenders party thereto, the issuers party thereto, and Credit Suisse AG, Cayman Islands Brach, as agent, as amended |
EXHIBIT INDEX
| 10.1 | Fourth Amendment to the Second Amended and Restated Credit Agreement, dated as of September 24, 2012, among the Company, as borrower, the lenders party thereto, the issuers party thereto, and Credit Suisse AG, Cayman Islands Brach, as agent, as amended |
BEAZER HOMES USA INC ExhibitEX-10.1 2 d480264dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT This FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT,…To view the full exhibit click here
About BEAZER HOMES USA, INC. (NYSE:BZH)
Beazer Homes USA, Inc. is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities. It offers lender choice and personalization. The Company’s Choice Plans allows buyers to choose living areas, such as the kitchen and master bathroom. Its West segment includes Arizona, California, Nevada and Texas. Its East segment includes Indiana, Maryland/Delaware, Tennessee and Virginia. Its Southeast segment includes Florida, Georgia, North Carolina and South Carolina.
