Company: HOVVB
Filing Date: 2025-09-10
Form Type: 8-K
Source: 0001753926-25-001449
Chunk: 3

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-09-10
Form: 8-K
Item: Item 8.01
Chunk 3
---
Item 8.01 Other Events.

On September 10, 2025, the Company issued a press release announcing the commencement of a private offering (the “ Notes Offering”) of $450.0 million aggregate principal amount of Senior Notes due 2031 (the “2031 Notes”) and $450.0 million aggregate principal amount of Senior Notes due 2033 (the “2033 Notes” and together with the 2031 Notes, the “ Notes”) to be issued by K. Hovnanian.

K. Hovnanian intends to use the net proceeds from the Notes Offering to (i) fund the redemption of the entire outstanding principal amount of its 8.0% Senior Secured 1.125 Lien Notes due 2028 (the “1.125 Lien Notes”) at a redemption price equal to 104.000% of the principal amount thereof and the entire outstanding principal amount of its 11.75% Senior Secured 1.25 Lien Notes due 2029 (the “1.25 Lien Notes” and together with the 1.125 Lien Notes, the “ Existing Secured Notes”) at a redemption price equal to 100.000% of the principal amount thereof plus the applicable “make-whole” premium, in each case, plus accrued and unpaid interest to, but excluding, the redemption date, (ii) repay in full all outstanding loans under its Senior Secured 1.75 Lien Term Loan Facility due 2028 (the “ Existing Term Loan Facility”) at par, plus accrued and unpaid interest to, but excluding, the prepayment date and (iii) pay all fees and expenses related thereto and the Notes Offering. A copy of the press release announcing the Notes Offering is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The Notes have not been registered under the Securities Act of 1933, as amended (the “ Securities Act”), any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States, or for the benefit of U. S. persons, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities or blue sky laws. Accordingly, the Notes are being offered only to persons reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration provided by Rule 144A under the Securities Act, and to certain persons in offshore