debt
confidence high
sentiment neutral
materiality 0.65
Taylor Morrison subsidiary launches $290.4M cash tender offer for 6.625% Senior Notes due 2027
Taylor Morrison Home Corp
- Tender offer for any and all $290.4M outstanding 6.625% Senior Notes due 2027; total consideration $1,000 per $1,000 principal plus accrued interest.
- Early tender payment of $30 per $1,000 principal for holders who tender by June 27, 2022 (Early Tender Deadline).
- Consent solicitation seeks to shorten redemption notice period and eliminate certain covenants and events of default.
- Tender offer expires July 12, 2022; consummation subject to conditions including receipt of Requisite Consents (majority of outstanding notes).
- Citigroup is dealer manager; Global Bondholder Services is information agent.