X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Beazer Homes USA Inc. has renewed and extended its $250 million revolving credit facility with 12 banks, led by Bank One as agent. The existing credit line was scheduled to expire in November. The new contract matures in September 2004.

The negotiated contract “provides us with significant liquidity and enhances our very strong financial position,” David S. Weiss, Beazer’s executive vice president and chief financial officer, says in a prepared statement.

Backing the new funding arrangement are SunTrust Bank, Wachovia Bank, Comerica Bank, Guaranty Federal Bank, PNC Bank, Amsouth Bank, Washington Mutual Bank, KeyBank, Compass Bank, BNP Paribas and Bank United (Florida).

Beazer operates in 14 states. The builder also provides mortgage and title insurance services to buyers.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.