---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-24-001013"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:56:07.374074+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Hovnanian exchanges $168.8M unsecured debt for $93.5M new secured term loans and $31.5M cash

## Summary
- Exchanged $64M of 13.5% Notes due 2026 and $21.5M cash for $42.5M of new 1.75 Lien Term Loans at 10% interest.
- Exchanged $65.2M of 5.0% Notes due 2040 for $31.4M of new 1.75 Lien Term Loans.
- Exchanged $39.6M of 5.0% Unsecured Term Loans due 2027 and $10M cash for $19.6M new Term Loans; that credit agreement terminated.
- Total 1.75 Lien Term Loans now $175M; interest rate may rise to weighted avg. 11.75% on portion when priority secured debt issued.
- Remaining unsecured debt: $26.6M of 13.5% Notes and $25M of 5.0% Notes outstanding ($51.6M total).

## SEC filing metadata
- accession: 0001753926-24-001013
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000175392624001013/0001753926-24-001013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000175392624001013/hov-20240521.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-24-001013
- JSON: https://secwatch.observer/filing/0001753926-24-001013.json
- Plain text: https://secwatch.observer/filing/0001753926-24-001013.txt

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