AV Homes holders put back all 4.5% convertibles to company at par

By Angela McDaniels

Tacoma, Wash., April 1 - AV Homes, Inc. said $5,402,000 principal amount, or 100%, of its 4.5% convertible senior notes due 2024 were put back to the company.

Holders had until 5 p.m. ET on March 27 to exercise their put options. The withdrawal deadline was 5 p.m. ET on March 31, according to a company news release.

The company repurchased the notes at par plus accrued interest on April 1.

The repurchase was funded with available cash.

AV Homes is a developer and builder of active adult and conventional home communities in Florida, Arizona and North Carolina. The company is based in Scottsdale, Ariz.

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