Hovnanian Enterprises, Inc. has announced the pricing of a significant debt offering through its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. The company plans to issue $450 million in 8.000% Senior Notes due 2031 and another $450 million in 8.375% Senior Notes due 2033. The proceeds from this offering will be used to redeem the entire outstanding principal of its existing secured notes, including the 8.0% Senior Secured 1.125 Lien Notes due 2028 and the 11.75% Senior Secured 1.25 Lien Notes due 2029, along with accrued interest and applicable premiums. Additionally, the funds will repay all outstanding loans under its Senior Secured 1.75 Lien Term Loan Facility due 2028. The transaction is expected to close on September 25, 2025, and is subject to customary conditions. The Notes are being offered privately to qualified institutional buyers and certain offshore buyers, in compliance with securities regulations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hovnanian Enterprises Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-25-001467), on September 11, 2025, and is solely responsible for the information contained therein.
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