Hovnanian to sell $150M in debt

|About: Hovnanian Enterprises, Inc. (HOV)|By:, SA News Editor

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.

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