Hovnanian enterprises announces refinancing transaction

Matawan, n.j., sept. 25, 2023 (globe newswire) -- hovnanian enterprises, inc. (nyse: hov) (the “company”), a leading national homebuilder, announced today that it has entered into an agreement with existing investors to consummate a refinancing transaction that extends the maturities of over $600 million of the company's secured debt to the fourth quarters of fiscal 2028 and fiscal 2029. additionally, it has entered into an agreement with existing lenders to amend and extend its $125 million secured revolving credit facility to mature in june 2026.
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