Taylor Morrison Completes $525 Million Offering of 5.750% Senior Notes and Concurrent Tender Offer

Simpson Thacher LLP represented Taylor Morrison Communities, Inc., a wholly owned subsidiary of Taylor Morrison Home Corporation, in the transaction. The issuer completed an offering of $525 million aggregate principal amount of 5.750% Senior Notes due 2032 in reliance on Rule 144A and Regulation S and commenced a concurrent tender offer for any and all of its outstanding 5.875% Senior Notes due 2027 (the 2027 Notes). The issuer is using the net proceeds from the notes offering, together with cash on hand, to (i) purchase the 2027 Notes validly tendered and not validly withdrawn in the concurrent tender offer, (ii) redeem all of the 2027 Notes not purchased in the tender offer, and (iii) redeem all of its outstanding 6.625% Senior Notes due 2027 and the outstanding 6.625% Senior Notes due 2027 issued by William Lyon Homes, Inc., an indirect wholly owned subsidiary of the issuer. Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers, serving a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under its family of brands, including Taylor Morrison, Esplanade and Yardly. Simpson Thacher LLP represented Taylor Morrison Communities, Inc. with a team composed by: Marisa Stavenas, Catherine Ciriello, Rebecca Carroll and Cadina Mancini (Capital Markets); Charles Mathes and Nicolle Heagney (PCAP); Christopher Brown, Cem Islikci and Alexandra Cullen (Credit); Jonathan Cantor, Andrew Mandelbaum and Jemma Li (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Corina Holland and Isabella Gonzalez (Intellectual Property); and Carleigh Rodriguez and Logan Lineberry (Environmental).

Taylor Morrison Completes $525 Million Offering of 5.750% Senior Notes and Concurrent Tender Offer

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