Hovnanian plans to sell $300 million in notes

SAN FRANCISCO, Nov 15 (Reuters) - Hovnanian Enterprises Inc. <_HOV.N_
(aol://4785:HOV/) >, a homebuilder, said on Monday it had agreed to
issue $200 million in senior notes and another $100 million in senior
subordinated notes.

The Red Bank, New Jersey-based company said it planned to use the
proceeds of the offerings to repay current debt and for other
unspecified corporate purposes.

11/15/04 17:08 ET

From: Emil Lazarian | Ararat NewsPress