Simpson Thacher Represents Hovnanian Enterprises, Inc. in a $41.6 Million Offering of Additional Senior Notes
09.17.13
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Simpson Thacher is representing Hovnanian Enterprises, Inc. (NYSE: HOV) and its subsidiaries (the “Company”), one of the nation’s largest homebuilders and a long-standing client of the Firm, in connection with the registered offering by K. Hovnanian Enterprises, Inc., its wholly-owned subsidiary (“K. Hovnanian”), of $41.6 million of additional 6.25% Senior Notes due 2016 (the “Notes”). The Company intends to use the net proceeds from the offering of the Notes to fund the redemption of all of K. Hovnanian’s outstanding 6.5% Senior Notes due 2014 and 6.375% Senior Notes due 2014 and to pay related fees and expenses.
The Simpson Thacher team included Marisa Stavenas, Richard Fenyes, Jonathan Ozner, Allison Wilson and Jason Pearl (Capital Markets), Jonathan Cantor and Chang Won Choi (Tax), Adeeb Fadil (Environmental) and Jeanne Annarumma (Executive Compensation and Employee Benefits).