Dream Finders Homes: Beazer note exchange receives majority consents before early deadline
Dream Finders Homes said that as of 5:00 p.m. New York City time on November 4, 2026, holders had tendered 99.22% of Beazer's 7.500% notes due 2031 and 98.28% of its 8.000% notes due 2032 in an exchange for new Dream Finders notes, and it received the majority consents needed to amend the Beazer indentures. The amendments would eliminate substantially all restrictive covenants and events of default, and would bind all holders of each series once operative. The exchange offer expires November 20, 2026, with settlement expected November 23, 2026, and the filing does not include any financial results.
Key points
- 7.500% notes due 2031: $248,062,000 of $250,000,000 principal tendered (about 99.22%) as of November 4, 2026.
- 8.000% notes due 2032: $393,125,000 of $400,000,000 principal tendered (about 98.28%) as of November 4, 2026.
- Early participants receive $1,000 of new Dream Finders notes, a $50 early participation premium and $1.00 in cash per $1,000 exchanged; later tenders receive $950 of new notes per $1,000.
- Expiration is 5:00 p.m. New York City time on November 20, 2026; settlement is expected November 23, 2026.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.