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.

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