#United States #Senior Notes #Scottsdale #Cash Tender Offer #Taylor Morrison

Taylor Morrison Unveils Pricing for Cash Tender Offer

Taylor Morrison Home Corporation, a notable player in the homebuilding industry, recently declared the specific pricing terms concerning its cash tender offer for its outstanding 5.875% Senior Notes due in 2027. This strategic move aims to enhance the company’s financial flexibility and streamline its obligations.

The announcement was made on November 7, 2025, by the corporation, which actively manages these notes via its wholly owned subsidiary, Taylor Morrison Communities, Inc. The offer was introduced in connection with a document titled "Offer to Purchase" alongside a corresponding "Notice of Guaranteed Delivery" dated November 3, 2025, providing thorough terms and conditions for potential investors.

Offer Details

The specifics about the notes, including the principal amount outstanding, associated CUSIP numbers, and pricing information are summarized as follows:

• - Issuer: Taylor Morrison Communities, Inc.
• - Type of Security: 5.875% Senior Notes due 2027
• - CUSIP Numbers: 87724RAA0 and U8760NAA7
• - Principal Amount Outstanding: $500,000,000
• - Reference Yield of U.S. Treasury Security: 4.250% due March 15, 2027
• - Fixed Spread (basis points): 50
• - Purchase Price per $1,000 Principal Amount of Notes: $1,023.07

As part of the tender offer, the purchase price for each $1,000 in principal of the notes, which have been validated and accepted for procurement, was determined based on a fixed spread in reference to the yield to maturity. This assessment was predicated on the bid-side price of the underlying U.S. Treasury security, given on Bloomberg Bond Trader, as of November 7, 2025.

Additionally, holders of the notes accepting the offer will also be entitled to receive any accrued and unpaid interest from the last payment date up until, but not including, the expected payment date of November 10, 2025.

Timelines and Conditions

The tender offer is projected to expire at 5:00 PM New York City time on November 7, 2025; however, this timing may be subject to extension or early termination. Notably, investors retain the right to withdraw their tendered notes either prior to the expiration entry or if the offer is not consummated within a specified timeframe.

Furthermore, in the event the offer concludes but does not acquire all of the outstanding notes, Taylor Morrison Communities, Inc. intends to retire any remaining notes through a redemption approach. A conditional notice of redemption for any outstanding notes has been issued, with a possible redemption date around December 2, 2025, contingent upon the availability of funds derived from a senior notes offering.

Company Background

Based in Scottsdale, Arizona, Taylor Morrison is recognized as one of the leading home builders and developers across the United States. Its client base varies from first-time homebuyers to luxury lifestyle customers. The company also operates under several brand names, including Taylor Morrison, Esplanade, and Yardly. Over the years, Taylor Morrison has received accolades for its commitment to quality, including recognition as America's Most Trusted® Builder from Lifestory Research from 2016 to 2025.

In the release, the company indicated that its offer is not discriminating against a minimum number of notes being offered. Nonetheless, market conditions remain fluid, and stakeholders are encouraged to evaluate their options diligently and seek independent investment advice as necessary.

Contact Information

For further inquiries about the terms of the offer, Taylor Morrison has designated J.P. Morgan Securities LLC as the exclusive dealer manager and D.F. King & Co., Inc. as the tender agent. Individuals can reach out to J.P. Morgan at (866) 834-4666 for assistance.

This press release’s content should not be construed as an endorsement or solicitation for readers to partake in the tender offer without sufficient review and analysis of the associated documents. Investors are urged to consult with personal financial and tax advisers before making any decisions.

The future agenda for Taylor Morrison, along with its action plans surrounding this tender offer, reflects the company's ongoing commitment to responding effectively to market dynamics while catering to its clients' diverse housing needs.