Beazer Homes USA Inc. (NYSE: BZH) announced plans to issue $400 million in senior unsecured notes due 2032 through a private offering exempt from Securities Act registration requirements.

The Atlanta-based homebuilder intends to offer the notes to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. The company plans to use net proceeds primarily to finance the redemption of its existing 5.875% senior notes due 2027, which have $357.3 million in outstanding principal and mature on October 15, 2027. Any remaining proceeds will be used for general corporate purposes.

The notes will not be registered under the Securities Act or applicable state securities laws. The offering is being conducted as a private placement to qualified institutional buyers and non-U.S. persons only.

The company noted in forward-looking statements that it cannot guarantee the proposed offering or redemption of the 2027 notes will be completed on current terms or at all. Beazer said actual results may differ materially from projected outcomes due to various risks and uncertainties.

Beazer Homes operates as a national homebuilder focused on energy-efficient construction across 13 states including Arizona, California, Florida, Georgia, North Carolina, Tennessee, and Texas.