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Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands | Oct. 31, 2023 | Oct. 31, 2022
--- | --- | ---
Senior debt |  | $ 1,070,261 | [1] | $ 1,154,852
Net (discounts) premiums |  | (14,563) |  | 4,079
Unamortized debt issuance costs |  | (4,207) |  | (12,384)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs |  | 1,051,491 |  | 1,146,547
Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 768,502 |  | 853,093
Unsecured Senior Notes [Member] |  |  |  |
Senior debt |  | 180,710 |  | 180,710
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] |  |  |  |
Senior debt |  | 39,551 |  | 39,551
Senior Secured Revolving Credit Facility [Member] |  |  |  |
Senior debt | [2] | 0 |  | 0
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt | [3] | 113,502 |  | 158,502
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 0 |  | 250,000
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 0 |  | 282,322
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 0 |  | 162,269
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 225,000 |  | 0
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] |  |  |  |
Senior debt |  | 430,000 |  | 0
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Senior debt | [4] | 0 |  | 0
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Senior debt |  | 90,590 |  | 90,590
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] |  |  |  |
Senior debt |  | 90,120 |  | 90,120
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member] |  |  |  |
Senior debt |  | $ 81,498 |  | $ 81,498
[1] | Does not include our $125.0 million Senior Secured Revolving Credit Facility under which there were no borrowings outstanding as of October 31, 2023.
[2] | At October 31, 2023, provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans. The revolving loans thereunder have a maturity of June 30, 2026 and borrowings bear interest, at K. Hovnanian’s option, at either (i) a term secured overnight financing rate (subject to a floor of 3.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate (subject to a floor of 4.00%) plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum.
[3] | On November 15, 2023, K. Hovnanian redeemed all of its $113.5 million aggregate principal amount of 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025.
[4] | At October 31, 2022, $26.0 million of 8.0% Senior Notes due 2027 (the “8.0% 2027 Notes”) were owned by a wholly owned consolidated subsidiary of HEI. Therefore, in accordance with U.S. GAAP, such notes were not reflected on the Consolidated Balance Sheets of HEI. On October 31, 2023, K. Hovnanian redeemed all of the $26.0 million aggregate principal amount of its 8.0% 2027 Notes.

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