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v3.25.1

Note 12 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands | Apr. 30, 2025 | Oct. 31, 2024
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | $ 854,968 | $ 881,556
Net premiums (discounts) |  | 11,646 | 17,340
Unamortized debt issuance costs |  | (2,334) | (2,678)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs |  | 864,280 | 896,218
Senior Secured Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 655,000 | 655,000
Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 24,968 | 51,556
Senior Secured Revolving Credit Facility [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities | [1] | 0 | 0
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 0 | 26,588
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] |  |  |
Debt Instrument [Line Items] |  |  |
Subtotal senior notes and credit facilities |  | 24,968 | 24,968
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 |  | 175,000 | 175,000
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] | At April 30, 2025, 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.

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