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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- Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference CallGlobeNewswire
- Should We Be Delighted With Hovnanian Enterprises, Inc.'s (NYSE:HOV) ROE Of 35%? [Yahoo! Finance]Yahoo! Finance
- K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation AwardGlobeNewswire
- Investing in Hovnanian Enterprises (NYSE:HOV) five years ago would have delivered you a 592% gain [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises to Present at Deutsche Bank’s 32nd Annual Leveraged Finance ConferenceGlobeNewswire
HOV
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/16/24 - Form 4
- HOV's page on the SEC website