Beazer Homes Announces Conditional Redemption of $350M 2029 Notes Ahead of Merger

What Happened
Beazer Homes USA, Inc. announced a conditional notice to redeem the $350.0 million aggregate principal amount of its 7.250% Senior Notes due 2029 on October 20, 2026, at a redemption price of 101.208% of principal plus accrued interest. The redemption is conditioned on the substantially concurrent closing of the previously announced merger with Dream Finders Homes, Inc. (through Bulldogs Merger Sub, Inc.) and the receipt of funds (together with cash on hand) sufficient to pay the aggregate redemption price (the “Merger Condition”). If the Merger Condition is not satisfied or waived, the 2029 Notes will not be deemed due and payable on the Redemption Date.

Key Details

• $350.0 million outstanding principal of 7.250% Senior Notes due 2029.
• Redemption date: October 20, 2026; redemption price: 101.208% of principal plus accrued and unpaid interest.
• Redemption is conditional on the closing of the merger with Dream Finders (merger agreement dated August 6, 2026) and receipt of sufficient funds to pay the redemption price.
• Beazer filed the definitive proxy statement for the merger with the SEC on September 15, 2026 and began mailing it to shareholders on or about that date.

Why It Matters
For investors, this filing signals an intended paydown of Beazer’s 2029 debt tied directly to the planned Dream Finders acquisition. If the Merger Condition is met and funded, bondholders will be redeemed at the stated premium and the company will become a wholly owned subsidiary of Dream Finders; if the condition is not met or waived, the notes remain outstanding. The filing also directs investors to the proxy statement for material details about the merger, and includes the usual forward‑looking cautionary statements about risks that could prevent closing.