Hovnanian Enterprises Announces Expiration and Final Results of Cash Tender Offers for Unsecured Senior and Senior Subordinated Notes

Hovnanian Enterprises, Inc. (NYSE:HOV) (the "Company") announced the expiration and final results of the cash tender offers by its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. ("K. Hovnanian"), for (i) any and all of its outstanding $28,870,000 6% Senior Subordinated Notes due 2010 (the "2010 Notes") (the "2010 Tender Offer") at a fixed purchase price, (ii) the maximum aggregate principal amount of its 8% Senior Notes due 2012 (the "8% 2012 Notes"), 8 7/8% Senior Subordinated Notes due 2012 (the "8 7/8% 2012 Notes") and 7 3/4% Senior Subordinated Notes due 2013 (the "7 3/4% 2013 Notes") (collectively, the "2012-2013 Notes") that it can purchase for $40.0 million (the "2012-2013...

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