April 13, 2018 / 8:31 PM / 2 months ago

BRIEF-K. Hovnanian Enterprises Announces Amendment Of Exchange Offer And Consent Solicitation

* 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 Source text for Eikon: Further company coverage:

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