Homebuilder Scores Lighter Covenants On Bonds

05 May 2010

Homebuilder Beazer Homes USA has snared looser covenants on its $300 million unsecured notes offering than an offering it did in 2006 when it had better credit ratings at the height of the housing boom.

--Sara Rosner

Homebuilder Beazer Homes USA has snared looser covenants on its $300 million unsecured notes offering than an offering it did in 2006 when it had better credit ratings at the height of the housing boom. “Covenant levels in 2006 and 2007 were pretty loose and what you’re ...

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