RED BANK, N.J., Sept. 20, 2012 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV) (the "Company") announced today that its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. ("K. Hovnanian"), priced $577.0 million aggregate principal amount of 7.250% senior secured first lien notes due 2020 (the "First Lien Notes") and $220.0 million aggregate principal amount of 9.125% senior secured second lien notes due 2020 (the "Second Lien Notes" and, together with the First Lien Notes, the "Notes") in a private placement (the "Notes Offering"). K. Hovnanian also priced its previously announced underwritten public offering (the "Units Offering") of senior exchangeable note units (the "Units").
K. Hovnanian Enterprises, Inc. Announces Pricing Of $797 Million Senior Secured Notes
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