Seeking Alpha

Hovnanian to sell $150M in debt

  • The $150M of senior notes due in 2019 from subsidiary K. Hovnanian Enterprises will be sold in a private placement. In addition to acquiring/developing more land, funds will be used to pay off the company's 6.25% notes due in 2015.
  • Press release
  • HOV +0.2% AH
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