SCOTTSDALE, Ariz., April 1, 2014 (GLOBE NEWSWIRE) -- AV Homes, Inc. (Nasdaq:AVHI) (the "Company"), a developer and builder of active adult and conventional home communities in Florida, Arizona and North Carolina, today announced the results of the previously announced option of holders of $5,402,000 aggregate principal amount of its outstanding 4.50% Convertible Senior Notes due 2024 (CUSIP Nos. 053494 AE0 and 053494 AF7) (the "Notes") to require the Company to repurchase all or a portion of their Notes pursuant to the terms of the Notes and the indenture governing the Notes (the "Repurchase Right"). Under the terms of the Repurchase Right, holders of the Notes had the opportunity to surrender the Notes for repurchase prior to 5:00 p.m., New York City time, on March 27, 2014 (the "Repurchase Deadline") and had the opportunity to withdraw any Notes previously surrendered for repurchase at any time prior to 5:00 p.m., New York City time, on March 31, 2014 (the "Withdrawal Deadline").
AV Homes, Inc. Announces Results Of Repurchase Right For $5,402,000 Aggregate Principal Amount Of Its 4.50% Convertible Senior Notes
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