AV Homes holders put back $19,000 of 7.5% convertible notes due 2016

By Susanna Moon

Chicago, Feb. 18 - AV Homes, Inc. said holders put $19,000 of its $55.5 million principal amount of outstanding 7.5% senior convertible notes due 2016.

The put option expired at 5 p.m. ET on Feb. 14.

The repurchase will be funded with available cash, according to a company press release.

After settlement, $55,481,000 of the convertibles remains outstanding.

The issuer is a homebuilder based in Kissimmee, Fla.

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