Hovnanian Enterprises Completes Refinancing Transactions
Hovnanian Enterprises, Inc. Class A (HOV)
US:NYSE Investor Relations:
khov.com/investor-relations
Company Research
Source: GlobeNewswire
MATAWAN, N.J., Oct. 31, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV) (“Hovnanian” or the “Company”) announced today that it has closed several refinancing transactions that extend the maturities of over $700 million of the Company’s debt, including addressing all near-term maturities through 2021, as well as proactively extending approximately 50% of its upcoming maturities in 2022 and 2024. Additionally, the Company refinanced its $125 million secured revolving credit facility, which had revolving commitments terminating in December 2019, to a new secured revolving credit facility (the “New Revolver”) maturing in 2022. The transactions provide Hovnanian with meaningful maturity extensions and increased financial flexibility to grow its asset base and continue positive momentum in executing on its multi-year strategy to achieve its key metric targets. Additionally, the transactions simplify the Company’s capital structure and enable it to maintain its strong li
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News
- Hovnanian Enterprises, Inc. (NYSE: HOV) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $155.00 price target on the stock.MarketBeat
- Hovnanian Enterprises Q4 Earnings Decline Y/Y, Revenues Up [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc.'s (NYSE:HOV) institutional investors lost 13% last week but have benefitted from longer-term gains [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year ResultsGlobeNewswire
HOV
Sec Filings
- 12/18/24 - Form 10-K
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- HOV's page on the SEC website