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Hovnanian Enterprises Inc (HOV.N)

HOV.N on New York Stock Exchange

15.37USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Hovnanian Enterprises Q1 Loss Per Share $0.12
Thursday, 7 Mar 2019 09:15am EST 

Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.12.Q1 REVENUE $380.6 MILLION VERSUS $417.2 MILLION.NUMBER OF CONTRACTS, INCLUDING UNCONSOLIDATED JOINT VENTURES, FOR Q1 ENDED JANUARY 31, 2019, DECREASED 14.6%.HOVNANIAN - DOLLAR VALUE OF CONTRACT BACKLOG, INCLUDING UNCONSOLIDATED JOINT VENTURES, AS OF JANUARY 31, 2019, WAS $972.0 MILLION, A DECREASE OF 16.8%.HOMEBUILDING REVENUES FOR UNCONSOLIDATED JOINT VENTURES INCREASED $37.2 MILLION TO $95.8 MILLION FOR Q1 ENDED JANUARY 31, 2019.FOR QUARTER ENDED JANUARY 31, 2019, DELIVERIES, INCLUDING UNCONSOLIDATED JOINT VENTURES, DECREASED 1.9% TO 1,119 HOMES.  Full Article

Hovnanian Enterprises Commences Exchange Offer And Consent Solicitation
Friday, 6 Apr 2018 07:00am EDT 

April 6 (Reuters) - Hovnanian Enterprises Inc ::K. HOVNANIAN ENTERPRISES, INC. COMMENCES EXCHANGE OFFER AND CONSENT SOLICITATION.HOVNANIAN ENTERPRISES- UNIT COMMENCED PRIVATE OFFER TO EXCHANGE ANY, ALL OF ISSUER'S $440 MLN SENIOR SECURED NOTES DUE 2022 & $400 MLN NOTES DUE 2024.HOVNANIAN ENTERPRISES INC - ‍EXCHANGE OFFER WILL EXPIRE ON MAY 3, 2018​​.HOVNANIAN ENTERPRISES INC - EXCHANGE OFFER FOR ISSUER'S NEWLY ISSUED 3.0% SENIOR NOTES DUE 2047.  Full Article

Hovnanian Enterprises Reports Fiscal 2018 First Quarter Results
Thursday, 8 Mar 2018 09:15am EST 

March 8 (Reuters) - Hovnanian Enterprises Inc ::HOVNANIAN ENTERPRISES REPORTS FISCAL 2018 FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.21.Q1 REVENUE FELL 24.4 PERCENT TO $417.2 MILLION.HOVNANIAN ENTERPRISES - ‍DOLLAR VALUE OF CONTRACT BACKLOG AS OF JAN 31, 2018, WAS $1.17 BILLION VERSUS $1.19 BILLION AS OF JAN 31, 2017​.HOVNANIAN ENTERPRISES - ‍DOLLAR VALUE OF CONSOLIDATED CONTRACT BACKLOG, AS OF JAN 31, 2018, DECREASED 20.2% TO $814.4 MILLION VERSUS JAN 31, 2017​.  Full Article

Hovnanian Enterprises Says Solus Alternative Asset Management Filed Complaint In U.S. District Court Against Co, Among Others
Friday, 12 Jan 2018 06:53am EST 

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 04:37pm EST 

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 04:35pm EST 

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

Hovnanian Enterprises reports Q3 loss of $2.28/shr
Thursday, 7 Sep 2017 09:15am EDT 

Sept 7 (Reuters) - Hovnanian Enterprises Inc :Hovnanian Enterprises reports fiscal 2017 third quarter results.Q3 loss per share $2.28.Q3 revenue fell 17.4 percent to $592 million.Hovnanian Enterprises - ‍Dollar value of contract backlog, including unconsolidated joint ventures, as of July 31, 2017, was $1.29 billion, decrease of 12.9 percent​.Hovnanian Enterprises Inc- Hurricane Harvey storm damage and construction delays caused by hurricane will reduce our Q4 deliveries.Hovnanian Enterprises -"In spite of temporary impact from hurricane Harvey, long-term prospects for Houston market remain strong"​.  Full Article

Hovnanian Enterprises announces new senior notes offering
Tuesday, 11 Jul 2017 06:31am EDT 

July 11 (Reuters) - Hovnanian Enterprises Inc :Announces new senior notes offering.Hovnanian Enterprises - plans to issue up to $840 million senior secured notes with maturities in 2022 and 2024 in a private placement.Liens securing notes will rank junior to liens securing k. Hovnanian's $75.0 million senior secured term loan facility.Hovnanian Enterprises - to use net proceeds to fund offers and related consent solicitations and to fund redemption of all existing secured notes.  Full Article

Hovnanian announces completion of early tender period
Tuesday, 11 Jul 2017 06:30am EDT 

July 11 (Reuters) - Hovnanian Enterprises Inc :K. Hovnanian announces completion of early tender period in respect of the tender offer for its 10.000 pct senior secured notes due 2018, extension of early tender period in respect of the tender offers for its 9.125 pct senior secured notes due 2020 and 7.250 pct.Hovnanian Enterprises - extended early tender period for tender offers of 2020 9.125 pct notes, 2020 7.25 pct notes to 5:00 p.m., New York City time on July 12, 2017.Hovnanian Enterprises Inc - extended expiration time for tender offers in respect of all notes to 11:59 p.m., New York City time, on July 26, 2017.  Full Article

Hovnanian Enterprises Q2 loss per share $0.05
Friday, 2 Jun 2017 09:15am EDT 

June 2 (Reuters) - Hovnanian Enterprises Inc :Hovnanian Enterprises reports fiscal 2017 second quarter results.Q2 loss per share $0.05.Q2 revenue fell 10.5 percent to $585.9 million.Hovnanian Enterprises -for Q2 ended April 30, 2017, number of net contracts, including unconsolidated joint ventures, decreased 6.1% to 1,748 homes.Hovnanian Enterprises - dollar value of contract backlog, including unconsolidated joint ventures, as of April 30, 2017, was $1.27 billion, down 19.7%.Dollar value of consolidated contract backlog, as of April 30, 2017, decreased 23.6% to $1.09 billion.Hovnanian Enterprises Inc - during May 2017, number of consolidated net contracts decreased to 509 homes from 512 homes in May 2016.Hovnanian Enterprises - during may 2017, dollar value of net contracts decreased 8.3% to $197.2 million in may 2017 compared with $215.0 million for may 2016.  Full Article

Hedge fund Solus looks to raise $750 mln fund -source

NEW YORK, Nov 19 Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed.