AV Homes, Inc. (NASDAQ:AVHI) Files An 8-K Other Events

AV Homes, Inc. (NASDAQ:AVHI) Files An 8-K Other Events
Item 8.01.Other Events.

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On August 4, 2017, AV Homes, Inc. (the “Company”) completed its previously announced offer to exchange (the “Exchange Offer”) up to $400,000,000 aggregate principal amount of its outstanding 6.625% Senior Notes due 2022 (the “Outstanding Notes”) for a like principal amount of its 6.625% Senior Notes due 2022 that have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”).

The Exchange Offer expired at 11:59 p.m., New York City time, on August 1, 2017. On August 4, 2017, $400,000,000 of Exchange Notes were issued in exchange for $400,000,000 aggregate principal amount of Outstanding Notes that were tendered in the Exchange Offer.

About AV Homes, Inc. (NASDAQ:AVHI)

AV Homes, Inc. is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company’s segments include Florida, Arizona and the Carolinas. It focuses on the development and construction of primary residential communities serving first-time and move-up buyers, including under its local Bonterra Builders and Royal Oak Homes brands, and active adult communities, which are age-restricted to the age 55 and over active adult demographic. It owns approximately 5,010 developed residential lots, over 3,140 partially developed residential lots, approximately 8,650 undeveloped residential lots, and over 14,450 acres of mixed-use, commercial and industrial land. Its active adult communities include Solivita, CantaMia, Vitalia at Tradition, Encore at Eastmark and Creekside at Bethpage.

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