Key Developments: Hovnanian Enterprises Inc (HOV)

HOV on New York Consolidated

4.11USD
19 Dec 2014
Price Change (% chg)

$0.07 (+1.73%)
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Latest Key Developments (Source: Significant Developments)

Hovnanian Enterprises Inc's K. Hovnanian Enterprises, Inc. announces pricing of $250 million senior notes offering
Friday, 31 Oct 2014 04:15pm EDT 

Hovnanian Enterprises Inc:Says its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc., priced $250.0 mln aggregate principal amount of 8.000 pct Senior Notes due 2019 in a private placement.Notes will be guaranteed by the Company and substantially all of its subsidiaries.Intends to use net proceeds from the Notes Offering for general corporate purposes, including land acquisition and land development.  Full Article

Hovnanian Enterprises Inc's K. Hovnanian announces new senior notes offering
Friday, 31 Oct 2014 07:35am EDT 

Hovnanian Enterprises Inc:Says its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (K. Hovnanian), plans to issue an aggregate principal amount of up to $200,000,000 of Senior Notes due 2019 in private placement.Notes will be guaranteed by the company and substantially all of its subsidiaries.K. Hovnanian intends to use the net proceeds from the Notes Offering for general corporate purposes, including land acquisition and land development.  Full Article

Hovnanian Enterprises, Inc gives FY 2014 profit guidance - Conference Call
Wednesday, 4 Jun 2014 11:00am EDT 

Hovnanian Enterprises, Inc:Expect to be profitable for FY 2014.However it anticipate profitability to be even more back end weighted this year than it was during FY 2013.FY 2014 net income of $33.6 million and EPS of $0.23 - Thomson Reuters I/B/E/S.  Full Article

Hovnanian Enterprises Inc gives Q1 2014 pre-tax loss guidance
Monday, 24 Feb 2014 07:00am EST 

Hovnanian Enterprises Inc:Expects Q1 2014 pre-tax loss slightly greater than the pre-tax loss reported for Q1 2013.  Full Article

Hovnanian Enterprises Inc announces pricing of $150 mln senior notes offering
Tuesday, 7 Jan 2014 04:16pm EST 

Hovnanian Enterprises Inc:Says its wholly owned subsidiary, K. Hovnanian Enterprises, Inc., priced $150.0 mln aggregate principal amount of 7.000 pct senior notes due 2019 in a private placement.Says the Notes will be guaranteed by the Company and substantially all of its subsidiaries.Says K. Hovnanian intends to use the net proceeds from the Notes Offering for general corporate purposes.  Full Article

Hovnanian Enterprises Inc announces new senior notes offering
Monday, 6 Jan 2014 04:10pm EST 

Hovnanian Enterprises Inc:Says that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc, plans to issue an aggregate principal amount of up to $150,000,000 of senior notes due 2019 in a private placement.Says Notes will be guaranteed by the Company and substantially all of its subsidiaries.Intends to use the net proceeds from the Notes Offering for general corporate purposes, including land acquisition and land development, and to fund the redemption of all of K. Hovnanian's outstanding 6.25% Senior Notes due 2015 and to pay related fees and expenses.  Full Article

Hovnanian Enterprises Inc Announces Public Offering Of $41,581,000 Aggregate Principal Amount of Senior Notes
Wednesday, 11 Sep 2013 08:00am EDT 

Hovnanian Enterprises Inc announced that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. plans to issue an aggregate principal amount of $41,581,000 of its 6.25% Senior Notes due 2016. The notes will be 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 Company intends to use the net proceeds from this offering to fund the redemption of all of K. Hovnanian's outstanding 6.5% Senior Notes due 2014 and 6.375% Senior Notes due 2014 and to pay related fees and expenses.  Full Article

Hovnanian Enterprises Inc Reaffirms FY 2013 Profit Guidance-Conference Call
Monday, 9 Sep 2013 10:00pm EDT 

Hovnanian Enterprises Inc announced that assuming market conditions remain stable, and the Company reiterating it's guidance that expect to be profitable for all of fiscal 2013.  Full Article

Hovnanian Enterprises Inc Announces New $75 Million Unsecured Revolving Credit Facility
Thursday, 11 Jul 2013 07:00am EDT 

Hovnanian Enterprises, Inc. announced that it has entered into a five-year $75 million unsecured revolving credit facility with Citicorp USA, Inc., as administrative agent and issuing bank, and Citibank, N.A., as a lender. The unsecured revolving credit facility is available for both letters of credit and general corporate purposes.  Full Article

Faruqi & Faruqi, LLP Launches An Investigation Against Hovnanian Enterprises Inc (HOV) For Potential Breaches Of Fiduciary Duties By Board Of Directors
Thursday, 31 Jan 2013 03:37pm EST 

Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of Hovnanian Enterprises Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for an amendment to the Company`s Certificate of Incorporation.  Full Article

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