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Note 12 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Oct. 31, 2023
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | $ 881,556 | $ 1,070,261
Net premiums (discounts) |  | 20,026 | (14,563)
Unamortized debt issuance costs |  | (2,833) | (4,207)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs |  | 898,749 | 1,051,491
Senior Secured Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 655,000 | 768,502
Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 51,556 | 180,710
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [1] | 0 | 39,551
Senior Secured Revolving Credit Facility [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [2] | 0 | 0
The 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025 [Member] | Senior Secured Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [3] | 0 | 113,502
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [1] | 26,588 | 90,590
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [1] | 24,968 | 90,120
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [1] | 175,000 | 81,498
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 225,000 | 225,000
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | $ 430,000 | $ 430,000
[1] | On May 21, 2024, K. Hovnanian exchanged $64.0 million aggregate principal amount of 13.5% Senior Notes due February 1, 2026 and cash, $65.2 million aggregate principal amount of 5.0% Senior Notes due February 1, 2040 and all of its $39.6 million aggregate principal amount of loans under the Senior Unsecured Term Loan Credit Facility due February 1, 2027 and cash for an additional $93.5 million aggregate principal amount of loans under the Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028.
[2] | At July 31, 2024, 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 SOFR (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.

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