K. Hovnanian Enterprises, Inc. Announces the Modification of the Consent Solicitation Condition in Its Exchange Offer
Hovnanian Enterprises, Inc. Class A (HOV)
US:NYSE Investor Relations:
khov.com/investor-relations
Company Research
Source: GlobeNewswire
RED BANK, N.J., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV) (the “Company”) announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the “Issuer”), has modified the Consent Solicitation Condition (as defined below) to its previously announced private offer to exchange (the “Exchange Offer”) up to $185,000,000 aggregate principal amount of the Issuer’s outstanding 8.000% Senior Notes due 2019 (the “Existing Notes”) for (1) cash, (2) its newly issued 13.5% Senior Notes due 2026 (the “New 2026 Notes”) and (3) its newly issued 5.0% Senior Notes due 2040 (together with the New 2026 Notes, the “New Notes”) on the terms and subject to the conditions set forth in a Confidential Offering Memorandum, dated December 28, 2017 (as it may be amended or supplemented from time to time, the “Offering Memorandum”), and in the related Letter of Transmittal (collectively with the Offering Memorandum, the “Exchange Offer Documents”). As previously a
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News
- Hovnanian Enterprises' (NYSE:HOV) five-year total shareholder returns outpace the underlying earnings growth [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises, Inc. (NYSE: HOV) had its "underperform" rating re-affirmed by analysts at Zelman & Associates.MarketBeat
- Hovnanian Enterprises Preferred Stock Diversity Comes With Risks [Seeking Alpha]Seeking Alpha
- Is Hovnanian Enterprises, Inc.'s (NYSE:HOV) 35% ROE Better Than Average? [Yahoo! Finance]Yahoo! Finance
- Hovnanian Enterprises First Quarter 2024 Earnings: EPS: US$3.11 (vs US$2.37 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
HOV
Sec Filings
- 3/22/24 - Form 4
- 3/22/24 - Form 8-K
- 3/21/24 - Form 144
- HOV's page on the SEC website