Company: HOVVB
Filing Date: 2025-09-10
Form Type: 8-K
Source: 0001753926-25-001449
Chunk: 4

Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-09-10
Form: 8-K
Item: Item 8.01
Chunk 4
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 transactions in reliance on Regulation S under the Securities Act. This Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy Notes in any jurisdiction in which such an offer or sale would be unlawful.

On the closing date of the Notes Offering, we intend to use a portion of the net proceeds therefrom to repay in full all outstanding loans under the Existing Term Loan Facility at par, plus accrued and unpaid interest to, but excluding, the prepayment date (the “ Term Loan Repayment”). Upon consummation of the Term Loan Repayment, the Existing Term Loan Facility will be terminated.

On September 10, 2025, K. Hovnanian issued notices of conditional full redemption notifying holders of the applicable series of Existing Secured Notes that it has elected to redeem on September 25, 2025 all of its outstanding 1.25 Lien Notes and that it has elected to redeem on September 30, 2025 all of its outstanding 1.125 Lien Notes (collectively, the “ Redemption”). The Redemption is conditioned upon consummation of the sale and issuance of the Notes described herein providing aggregate gross proceeds to K. Hovnanian of not less than $900,000,000 (the “ Financing Condition”). In accordance with the applicable redemption notices and indentures governing the Existing Secured Notes, if the Financing Condition has not been satisfied by the applicable initial redemption dates, K. Hovnanian, in its sole discretion, may delay the applicable Redemption until such time as the Financing Condition is satisfied or rescind the applicable Redemption at any time prior to the applicable initial redemption dates. This Form 8-K does not constitute a notice of redemption of the Existing Secured Notes.

  Item       Financial Statements and Exhibits.  

  (d)      Exhibits.  

  10.1      Fourth Amendment, dated as of September 10, 2025, to the Credit Agreement, dated as of October 31, 2019, among K. Hovnanian Enterprises, Inc., Hovnanian Enterprises, Inc., the subsidiary guaran...  
  99.1      Press Release, dated September 10, 2025.                                                                                                                                                              
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 193