debt
confidence high
sentiment neutral
materiality 0.70
Taylor Morrison receives early tenders for 91% of $290M 6.625% notes due 2027
Taylor Morrison Home Corp
- $264.1M aggregate principal (90.95%) of $290.4M outstanding notes tendered by June 27 early deadline.
- Early settlement expected June 29, 2022; holders receive $1,000 per $1,000 principal plus accrued interest.
- Consent solicitation succeeded with 90.95% vote; indenture amended to shorten redemption notice and eliminate covenants.
- Supplemental indenture executed; amendments become operative on early settlement date.
- Remaining notes may be tendered by July 12 at $970 per $1,000 (no early tender payment).