Hovnanian Enterprises announces $900M Senior Notes offering and revolver extension to 2028

HOVNANIAN ENTERPRISES INC

Fourth Amendment extends Revolving Credit Facility maturity from June 2026 to June 2028.
Private offering of $450M 8.0% Senior Notes due 2031 and $450M Senior Notes due 2033.
Proceeds to redeem $1.125Lien Notes due 2028 at 104% and $1.25Lien Notes due 2029 at 100% plus make-whole.
Outstanding loans under Senior Secured 1.75Lien Term Loan due 2028 will be repaid at par.
Revolving facility pricing: SOFR+4.5% (floor 3%) or base+3.5% (floor 4%); unused fee 1.00%.

item 1.01item 2.03item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.