Recent Updates — BZH
On October 20, 2026, Dream Finders Homes completed its merger with Beazer Homes USA, making the latter a wholly owned subsidiary. Each outstanding share of common stock was converted into the right to receive $33.50 in cash. The transaction triggered the termination of Beazer's credit agreement and the redemption of its $350 million senior notes due 2029. Trading on the NYSE halted, and shares were delisted as all directors resigned and were replaced by Dream Finders appointees. Beazer Homes USA operates in the residential homebuilding industry.
Stockholders of Beazer Homes USA, Inc. approved the proposed merger agreement with Dream Finders Homes, Inc., voting 21,541,108 in favor against 12,898 opposed. The transaction values the company at approximately $37.50 per share in cash. Upon closing, Beazer will become a wholly owned subsidiary of Dream Finders and cease trading on the New York Stock Exchange. The merger is expected to close within days following satisfaction of customary conditions. Beazer Homes USA, Inc. operates as a homebuilder focused on residential construction.
On September 28, 2026, Beazer Homes USA, Inc. issued a conditional notice to redeem $350.0 million aggregate principal amount of its 7.250% Senior Notes due 2029 on October 20, 2026. The redemption price is set at 101.208% of the principal amount plus accrued and unpaid interest. This action is contingent upon the consummation of the previously announced merger with Dream Finders Homes, Inc., where Beazer becomes a wholly owned subsidiary. If the merger condition is not satisfied or waived, the notes will not be deemed due and payable on the redemption date. The company operates in the residential homebuilding industry.
Beazer Homes USA, Inc., its subsidiary guarantors, and Regions Bank entered into supplemental indentures on September 18, 2026, to the agreements governing its outstanding senior notes. These amendments were executed following a consent solicitation by Dream Finders Homes, Inc., which sought approval to modify the definition of "Change of Control" so that Beazer's merger with Dream Finders would not trigger such an event. The amendments will become operative upon payment of consent fees, expected concurrently with the Merger's consummation. This transaction is part of the previously announced merger agreement dated August 6, 2026. Beazer Homes USA, Inc. operates in the residential homebuilding industry.
Beazer Homes USA, Inc. entered into a definitive Agreement and Plan of Merger with Dream Finders Homes, Inc., under which Dream Finders will acquire Beazer in an all-cash transaction valued at approximately $2.2 billion. Under the terms approved by both boards, Beazer shareholders will receive $33.50 per share in cash. The merger is expected to close in the fourth quarter of 2026, subject to customary conditions including stockholder approval and Hart-Scott-Rodino regulatory clearance. Upon closing, Beazer’s shares will be delisted from the New York Stock Exchange. Beazer Homes USA, Inc. operates as a national homebuilder designing, building, and selling new homes across multiple U.S. markets.
Beazer Homes USA, Inc. announced a definitive agreement to be acquired by Dream Finders Homes, Inc. in an all-cash transaction valued at approximately $2.2 billion, offering $33.50 per share. The merger is subject to stockholder and regulatory approvals. Consequently, Beazer withdrew its financial outlook and cancelled its scheduled earnings conference call. For the fiscal third quarter ended June 30, 2026, the company reported a net loss of $4.2 million ($0.16 diluted loss per share) on homebuilding revenue of $490.9 million, an 8.3% decline driven by a 13.4% drop in closings to 896 homes. Adjusted EBITDA fell to $15.6 million from $32.1 million year-over-year. The company also issued $400.0 million of new senior notes and repurchased 1.0 million shares for $21.0 million. Beazer Homes USA, Inc. is a national homebuilder operating in the residential construction industry.