Hovnanian prices $900M in two-tranche senior notes offering to refinance existing debt

HOVNANIAN ENTERPRISES INC

$450M of 8.000% Senior Notes due 2031 and $450M of 8.375% Senior Notes due 2033 priced in private placement.
Proceeds to redeem entire 8.0% Senior Secured 1.125 Lien Notes due 2028 at 104% and 11.75% Senior Secured 1.25 Lien Notes due 2029 at 100% plus make-whole.
Proceeds also to repay all outstanding loans under Senior Secured 1.75 Lien Term Loan Facility due 2028 at par.
Closing expected on or about September 25, 2025, subject to customary conditions.

item 8.01item 9.01

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