Core Viewpoint - Taylor Morrison Home Corporation announced a cash tender offer to purchase all outstanding 5.875% Senior Notes due 2027, with pricing terms detailed in the Offer to Purchase and related documents [1][2]. Summary by Sections Offer Details - The cash tender offer is made by Taylor Morrison Communities, Inc., a wholly owned subsidiary of Taylor Morrison Home Corporation [1]. - The total amount of the outstanding Notes is $500 million [2]. - The purchase price for each $1,000 principal amount of Notes validly tendered is set at $1,023.07, based on a fixed spread of 50 basis points over the yield of a U.S. Treasury Reference Security [2][4]. Payment and Expiration - Holders of the Notes will receive accrued and unpaid interest from the last interest payment date up to the initial payment date, expected on November 10, 2025 [5]. - The offer is scheduled to expire at 5:00 p.m. New York City time on November 7, 2025, unless extended [6]. Conditions and Future Actions - The offer is not conditioned on a minimum amount of Notes being tendered, and the Offeror expects to finance the purchase with proceeds from a senior notes offering and cash on hand [7]. - If the Offer is completed but not all Notes are purchased, the Offeror intends to redeem any remaining outstanding Notes around December 2, 2025 [8]. Management and Contact Information - J.P. Morgan Securities LLC is serving as the exclusive dealer manager for the Offer, while D.F. King & Co., Inc. is the tender agent and information agent [10].
TAYLOR MORRISON ANNOUNCES PRICING TERMS OF CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 5.875% SENIOR NOTES DUE 2027