K. Hovnanian Enterprises, Inc. Announces New Senior Notes Offering
1. Hovnanian intends to offer $450 million in Senior Notes due 2031 and 2033. 2. Proceeds will be used to redeem existing higher-rate Senior Secured Notes. 3. Company's debt restructuring aims to lower interest expenses and manage financial risk. 4. The Notes will be privately placed and not available to the general public. 5. Hovnanian's long-term operations across multiple states underline its industry presence.