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Taylor Morrison Plans Senior Notes Offering

On November 3, 2025, Taylor Morrison Home Corporation (NYSE: TMHC) made a significant announcement regarding its future financial strategies. The company revealed that its wholly owned subsidiary, Taylor Morrison Communities, Inc., intends to launch an offering of $525 million in aggregate principal amount of senior notes that are set to mature in 2032.

Purpose of the Senior Notes Offering

The proceeds from this new offering will primarily serve multiple purposes. These include purchasing the 5.875% Senior Notes due 2027 that were validly tendered as part of a cash tender offer, which is being conducted concurrently. In addition, the funds will also be utilized to redeem any remaining outstanding notes, including the 6.625% Senior Notes due 2027, helping to refine the company’s debt portfolio.

Other allocations of the proceeds include covering the fees and expenses associated with both the notes offering and the transactions involved in the tender offer. This move is part of a broader effort to optimize their financial structure and lower their overall cost of capital, improving Taylor Morrison's flexibility in a competitive market.

Details of the Senior Notes

The Senior Notes will be unsecured and guaranteed on a senior unsecured basis by subsidiaries of Taylor Morrison that are also obligors for the company’s existing senior unsecured notes. However, it is important to note that the Senior Notes and their associated guarantees have not been registered under the Securities Act of 1933 and will not be available for public sale in the United States unless compliant with the relevant regulations regarding institutional buyers.

This offering is intended for specific investors who meet the qualifications set forth under Rule 144A of the Securities Act, assuring that only credible institutional buyers can participate, thus fostering a more stable and secure investment environment.

Looking Toward the Future

Taylor Morrison emphasizes its commitment to maintaining transparency with investors. This initiative is not merely a financial transaction; it also represents the company’s strategic decision-making process to navigate the changing landscape of the homebuilding industry.

The firm has included