Simpson Thacher Represents Hovnanian Enterprises, Inc. in $50 Million Offering of Common Stock
04.12.12
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The Firm represented Hovnanian Enterprises, Inc. (NYSE: HOV), one of the nation’s largest homebuilders, in connection with a registered offering of 25,000,000 shares of Class A common stock, which resulted in gross proceeds of $50 million. Hovnanian intends to use the net proceeds from the offering, along with cash on hand, to purchase certain of its senior unsecured notes in a private transaction.
The Simpson Thacher team included Vincent Pagano, Marisa Stavenas, Jeremy Barr and Evan Dunn (Capital Markets), Adeeb Fadil (Environmental), Jonathan Cantor and Vanessa Cohen (Tax), Mardi Merjian (Real Estate), Jeanne Annarumma and Tyler Andersen (Executive Compensation and Employee Benefits) and Marcela Robledo (Intellectual Property).