published Jan 18, 2018 8:39:36 AM, by Matt Levine (Bloomberg View) – Hovnanian. We have talked a few times recently about Hovnanian Enterprises Inc., which got favorable financing from Blackstone Group’s GSO Capital Partners through some credit-default-swap market machinations. GSO had bought CDS protection that would pay off if Hovnanian defaulted. Hovnanian will refinance its