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Hovnanian Enterprises Inc (HOV.N)

HOV.N on New York Stock Exchange

1.52USD
15 Oct 2018
Change (% chg)

$0.01 (+0.66%)
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Latest Key Developments (Source: Significant Developments)

Hovnanian Enterprises Reports Q3 Loss Per Share $0.01
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 LOSS PER SHARE $0.01.Q3 REVENUE $456.7 MILLION VERSUS $592 MILLION.ASSUMING NO ADVERSE CHANGES IN CURRENT MARKET CONDITIONS, CONTINUE TO EXPECT SOLID PROFITABILITY DURING Q4 2018.TOTAL LIQUIDITY AT END OF Q3 WAS $242.1 MILLION.HOVNANIAN ENTERPRISES - DOLLAR VALUE OF CONTRACT BACKLOG, INCLUDING UNCONSOLIDATED JOINT VENTURES, AS OF JULY 31, WAS $1.32 BILLION, UP 2.1 PCT.  Full Article

Solus Comments On Settlement Of GSO Capital Partners, Hovnanian Refinancing Dispute
Wednesday, 30 May 2018 

May 30 (Reuters) - Solus Alternative Asset Management::SOLUS ALTERNATIVE ASSET MANAGEMENT COMMENTS ON DECISION TO SETTLE DISPUTE OVER REFINANCING INVOLVING GSO CAPITAL PARTNERS & HOVNANIAN.GSO AGREED TO CONSENT TO INDENTURE AMENDMENTS FOR HOVNANIAN TO MAKE INTEREST PAYMENT IT DID NOT MAKE TO UNIT ON MAY 1.GSO HAS ALSO AGREED NOT TO SUPPORT ANY FUTURE FAILURE TO PAY EVENTS AFFECTING HOVNANIAN.OTHER TERMS OF AGREEMENT WERE NOT DISCLOSED.  Full Article

Hovnanian Enterprises Says Did Not Make $1.04 Mln Interest Payment Due On Affiliate-Held Notes
Tuesday, 1 May 2018 

May 1 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES ISSUES STATEMENT REGARDING DEFAULT REGARDING K. HOVNANIAN ENTERPRISES, INC.'S 8.000% SENIOR NOTES DUE 2019.HOVNANIAN ENTERPRISES INC - DID NOT MAKE $1.04 MILLION INTEREST PAYMENT DUE ON THE AFFILIATE-HELD NOTES.HOVNANIAN ENTERPRISES INC - NON-PAYMENT OF INTEREST DUE ON AFFILIATE-HELD NOTES CONSTITUTES A “DEFAULT” UNDER INDENTURE GOVERNING THE 8.000% NOTES.HOVNANIAN ENTERPRISES - NON-PAYMENT OF INTEREST TO CONSTITUTE “EVENT OF DEFAULT” UNDER 8.000% SENIOR NOTES INDENTURE IF PAYMENT IS NOT MADE IN 30-DAY GRACE PERIOD.  Full Article

K. Hovnanian Enterprises Announces Amendment Of Exchange Offer And Consent Solicitation
Friday, 13 Apr 2018 

April 13 (Reuters) - Hovnanian Enterprises Inc ::K. HOVNANIAN ENTERPRISES INC ANNOUNCES AMENDMENT OF EXCHANGE OFFER AND CONSENT SOLICITATION.AMENDMENT TO RAISE EXCHANGE CONSIDERATION FOR HOLDERS TO $1,400 PRINCIPAL AMOUNT OF NEW NOTES.EXCHANGE OFFER WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON MAY 3, 2018.UNIT HAS AMENDED CERTAIN TERMS OF PRIVATE OFFER TO EXCHANGE $440.0 MILLION OUTSTANDING 10.000% SENIOR SECURED NOTES DUE 2022.UNIT HAS ALSO AMENDED CERTAIN TERMS OF PRIVATE OFFER TO EXCHANGE $400.0 MILLION OUTSTANDING 10.500% SENIOR SECURED NOTES DUE 2024.UNIT AMENDED TERMS OF EXCHANGE OFFER FOR NEWLY ISSUED 3% SENIOR NOTES DUE 2047, CONCURRENT SOLICITATION OF CONSENTS OF EXISTING 2022 NOTES.  Full Article

Hovnanian Enterprises Says Solus Alternative Asset Management Filed Complaint In U.S. District Court Against Co, Among Others
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES-ON JAN 11, SOLUS ALTERNATIVE ASSET MANAGEMENT FILED COMPLAINT IN U.S. DISTRICT COURT AGAINST CO AMONG OTHERS - SEC FILING.HOVNANIAN- COMPLAINT RELATES TO K. HOVNANIAN S OFFER TO EXCHANGE $185 MILLION OF ITS 8.0% SENIOR NOTES DUE 2019 FOR CASH AND OTHER SENIOR NOTES.  Full Article

Hovnanian Enterprises Announces Credit Agreement And Refinancing Transaction With GSO Capital Partners
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES, INC. ANNOUNCES CREDIT AGREEMENT AND REFINANCING TRANSACTION WITH GSO CAPITAL PARTNERS.HOVNANIAN ENTERPRISES - DEAL WITH GSO CAPITAL TO REFINANCE CERTAIN OF CO'S DEBT SECURITIES MATURING IN 2019 & TO BUY $25 MILLION OF CO'S SECURED DEBT SECURITIES.HOVNANIAN ENTERPRISES INC - ‍GSO PARTIES HAVE COMMITTED TO PROVIDE CO WITH NEW $125 MILLION SENIOR SECURED FIRST LIEN REVOLVING CREDIT FACILITY​.HOVNANIAN ENTERPRISES - INTENDS TO USE $75 MILLION OF $125 MILLION REVOLVING CREDIT FACILITY TO REFINANCE ITS CURRENT $75 MILLION FIRST PRIORITY SECURED TERM LOAN.  Full Article

K. Hovnanian Enterprises Announces Exchange Offer And New Financing Transactions
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Hovnanian Enterprises Inc ::K. HOVNANIAN ENTERPRISES, INC. ANNOUNCES EXCHANGE OFFER AND NEW FINANCING TRANSACTIONS.HOVNANIAN ENTERPRISES - UNIT HAS COMMENCED PRIVATE OFFER TO EXCHANGE UP TO $185 MILLION OF ISSUER'S OUTSTANDING 8.000% SENIOR NOTES DUE 2019.HOVNANIAN ENTERPRISES - UNIT TO EXCHANGE SENIOR NOTES DUE 2019 FOR CASH, NEWLY ISSUED SENIOR NOTES.  Full Article

BRIEF-Hovnanian Enterprises Says Did Not Make $1.04 Mln Interest Payment Due On Affiliate-Held Notes

* HOVNANIAN ENTERPRISES ISSUES STATEMENT REGARDING DEFAULT REGARDING K. HOVNANIAN ENTERPRISES, INC.'S 8.000% SENIOR NOTES DUE 2019