RED BANK, N.J., Sept. 11, 2013 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE:HOV) (the "Company") announced today the pricing of a registered underwritten public offering by K. Hovnanian Enterprises, Inc. ("K. Hovnanian"), the Company's wholly-owned subsidiary, of its 6.25% Senior Notes due 2016 (the "Notes"). The offering was priced at 100% of the $41,581,000 principal amount of Notes to be issued, resulting in net proceeds of approximately $40,853,333. The Notes are being issued as additional 6.25% Senior Notes due 2016 under the indenture dated as of August 8, 2005. Credit Suisse Securities (USA) LLC is serving as the sole book-running manager for the offering. The offering is subject to customary closing conditions.
Hovnanian Announces Pricing Of Public Offering Of $41,581,000 Aggregate Principal Amount Of Senior Notes
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