Feb 3 (Reuters) - K Hovnanian Enterprises Inc on
Thursday sold $155 million of senior notes, said IFR, a Thomson
Reuters service.
Credit Suisse, Citigroup, Deutsche Bank, and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: K HOVNANIAN ENTERPRISES INC
AMT $155 MLN COUPON 11.875 PCT MATURITY 10/15/2015 TYPE SR NTS ISS PRICE 97.453 FIRST PAY N/A MOODY'S Caa2 YIELD 12.625 PCT SETTLEMENT 2/14/2011 S&P CCC-MINUS SPREAD 1,056 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
(Editing by Theodore d'Afflisio) Keywords: HOVNANIANENTERPRISES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Credit Suisse, Citigroup, Deutsche Bank, and JP Morgan were the joint bookrunning managers for the sale.
BORROWER: K HOVNANIAN ENTERPRISES INC
AMT $155 MLN COUPON 11.875 PCT MATURITY 10/15/2015 TYPE SR NTS ISS PRICE 97.453 FIRST PAY N/A MOODY'S Caa2 YIELD 12.625 PCT SETTLEMENT 2/14/2011 S&P CCC-MINUS SPREAD 1,056 BPS PAY FREQ SEMI-ANNUAL FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
(Editing by Theodore d'Afflisio) Keywords: HOVNANIANENTERPRISES DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.