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Dream Finders Homes launches $650M exchange offer for Beazer Notes to simplify capital structure

DFHDream Finders Homes, Inc.

Following its completed acquisition of Beazer Homes, Dream Finders Homes is commencing a private exchange offer and consent solicitation for Beazer's outstanding debt. The company offers new notes in exchange for the $250 million aggregate principal amount of 7.500% Senior Notes due 2031 and the $400 million aggregate principal amount of 8.000% Senior Notes due 2032. Eligible holders tendering by November 4, 2026, receive an early participation premium consisting of additional principal and a $1 cash payment per $1,000 of notes. The transaction aims to simplify the capital structure and eliminate restrictive covenants. Dream Finders Homes builds single-family homes in multiple U.S. regions.

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