Beazer Homes Inc. (BZH)

[Zephyr]

19:45:00 Today BZH Beazer Homes Announces Pricing of $447.6 Million Aggregate Offerings of Common Stock, Tangible Equity Units and Senior Unsecured Notes


Beazer Homes Announces Pricing of $447.6 Million Aggregate Offerings of Common
Stock, Tangible Equity Units and Senior Unsecured Notes

ATLANTA, May 04, 2010 (BUSINESS WIRE) -- Beazer Homes USA, Inc. (BZH)
(http://www.beazer.com) (the "Company") announced today that it priced its
previously announced offering of 12.5 million shares of its common stock at $5.81
per share, resulting in net proceeds of approximately $68.5 million. The Company
also priced its offering of 3.0 million 7.25% tangible equity units at $25.00
each, resulting in net proceeds of approximately $72.3 million. The Company's
9.125% senior unsecured notes due 2018 were priced at 100% of the $300.0 million
aggregate principal amount issued, resulting in net proceeds of approximately
$295.1 million. The Company has granted the underwriters in the common stock and
tangible equity units offerings a 30-day option to purchase up to an additional
1.875 million shares of common stock and 450,000 tangible equity units,
respectively, to cover over-allotments. The Company's common stock is listed on
the New York Stock Exchange under the symbol "BZH" and the Company has applied to
list the tangible equity units on the New York Stock Exchange.

The Company intends to use the net proceeds from these concurrent offerings to
fund (or replenish cash used to fund) debt repurchases, including the anticipated
redemption of the Company's 8 3/8% senior notes due 2012 and 4 5/8% convertible
senior notes due 2024, and for other general corporate purposes. As of April 30,
2010, $303.6 million aggregate principal amount of the 8 3/8% senior notes due
2012 and $154.5 million of aggregate principal amount of the 4 5/8% convertible
senior notes due 2024 were outstanding.

Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC served as
the joint book-running managers for the common stock offering, Deutsche Bank
Securities Inc. and UBS Securities LLC served as joint lead managers and Moelis &
Company LLC served as co-manager. Citigroup Global Markets Inc. and Credit Suisse
Securities (USA) LLC served as the joint book-running managers for the tangible
equity units offering, Deutsche Bank Securities Inc. served as joint lead manager
and Moelis & Company LLC served as co-manager. Credit Suisse Securities (USA) LLC
and Citigroup Global Markets Inc. served as the joint book-running managers for
the senior unsecured notes offering, Deutsche Bank Securities Inc. served as
joint lead manager and Moelis & Company LLC served as co-manager.

The shares of common stock, tangible equity units, including the underlying stock
purchase contracts and senior amortizing notes, and senior unsecured notes all
will be issued pursuant to an effective shelf registration statement previously
filed with the Securities and Exchange Commission on Form S-3. Preliminary
prospectus supplements related to the offerings have been filed with the
Securities and Exchange Commission and are available on the SEC's website,
http://www.sec.gov. Copies of the preliminary prospectus supplements and the
accompanying base prospectus related to the common stock, tangible equity units
and senior unsecured notes offerings may be obtained from: Citigroup Global
Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY
11220 (Attention: Prospectus Department; Telephone: [phone]; E-mail:
[e-mail]) or Credit Suisse Securities (USA) LLC, Prospectus
Department, One Madison Avenue, New York, NY 10010 (Telephone: [phone]).

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
other jurisdiction.

Beazer Homes USA, Inc., headquartered in Atlanta, is one of the country's ten
largest single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey,
New Mexico, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and
Virginia.

Forward Looking Statements

This press release contains forward-looking statements. These forward-looking
statements represent our expectations or beliefs concerning future events, and it
is possible that the results described in this press release will not be
achieved. These forward-looking statements are subject to risks, uncertainties
and other factors, many of which are outside of our control, that could cause
actual results to differ materially from the results discussed in the
forward-looking statements, including, among other things, changing market
conditions, the Company's ability to satisfy the conditions to closing the
offerings and the Company's ability to repurchase its outstanding notes from time
to time. For more information, see the Company's filings with the Securities and
Exchange Commission, including the preliminary prospectus supplements relating to
the proposed offerings.

Any forward-looking statement speaks only as of the date on which such statement
is made, and, except as required by law, we do not undertake any obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. New factors emerge from time to time and
it is not possible for management to predict all such factors.

SOURCE: Beazer Homes USA, Inc.

Beazer Homes USA, Inc.
Jeff Hoza, 770-829-3700
Vice President, Treasurer
[e-mail]


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