08:18 AM EDT, 09/10/2025 (MT Newswires) -- Hovnanian Enterprises ( HOV ) said Wednesday that its K. Hovnanian Enterprises unit plans a private placement of $450 million of senior notes due 2031 and $450 million of senior notes due 2033.

The company said K. Hovnanian ( HOV ) intends to use the net proceeds to fund the redemption of certain senior secured lien notes, to fully repay outstanding loans under a lien term loan facility due 2028, and to pay all fees and expenses related to this redemption, repayment and the notes offering.