Mergers & Acquisitions ·
Dream Finders Homes disclosed pro forma capitalization details following its merger agreement with Beazer Homes USA…
DFHDream Finders Homes, Inc.
Dream Finders Homes disclosed pro forma capitalization details following its merger agreement with Beazer Homes USA announced on August 6, 2026. Post-merger, the company expects approximately $1.3 billion in senior unsecured notes, including existing DFH debt and Beazer's outstanding notes, after redeeming Beazer's $350 million 7.250% senior notes due 2029. The capital structure also includes a maintained $1.5 billion revolving credit facility, approximately $80 million in junior subordinated notes from Beazer, and roughly $675 million in redeemable preferred stock. This preferred equity issuance involves replacing the company's $150 million Series A Convertible Preferred Stock with new instruments to fund merger consideration. Dream Finders Homes operates in the residential homebuilding industry.