debt
confidence high
sentiment neutral
materiality 0.65
Taylor Morrison prices tender offer for $500M 5.875% notes due 2027 at $1,023.07
Taylor Morrison Home Corp
- Offer for any and all of $500M 5.875% Senior Notes due 2027 at a purchase price of $1,023.07 per $1,000 principal.
- Purchase price based on 50 bps spread over 4.250% UST due 3/15/2027; reference yield 3.599%.
- Offer expires 5:00 p.m. NY time on November 7, 2025; payment expected November 10, 2025.
- Concurrent conditional notice of redemption for any remaining notes on ~Dec 2, 2025, subject to funding from new senior notes offering.
- Tender financed by proceeds from contemporaneous senior notes offering and cash on hand.