---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-021140"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2022-08-22T23:59:59+00:00"
generated_at: "2026-06-23T22:22:21.385856+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Hovnanian extends $125M credit facility maturity to June 2024, switches to SOFR-based floating rate

## Summary
- Maturity extended from Dec 28, 2022 to June 30, 2024, reducing near-term refinancing risk.
- Fixed 7.75% rate replaced with floating SOFR + 4.50% (floor 1.00%) or ABR + 3.50%.
- Unused commitment fee set at 1.00% per annum on undrawn revolving commitments.
- Facility size remains $125 million; all lenders consented to the amendment.
- Guarantors reaffirmed obligations; collateral continues to secure loans.

## SEC filing metadata
- accession: 0001437749-22-021140
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2022-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000143774922021140/0001437749-22-021140-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000143774922021140/hov20220818_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-021140
- JSON: https://secwatch.observer/filing/0001437749-22-021140.json
- Plain text: https://secwatch.observer/filing/0001437749-22-021140.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.