secwatch.observer — SEC 8-K summary
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Issuer:     Taylor Morrison Home Corp (TMHC)
CIK:        0001562476
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001193125-25-329705
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Taylor Morrison replaces $1B revolver with new $1B facility, maturity Dec 2030
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- New $1B revolving credit facility with $400M accordion feature, matures Dec 22, 2030.
- Interest at base rate +0.25%-0.625% or SOFR +1.25%-1.625% per annum, with investment-grade trigger for lower margins.
- Wells Fargo appointed successor administrative agent, replacing Citibank, effective December 22, 2025.
- Financial covenants: max capitalization ratio 0.60:1 and minimum tangible net worth $4.13B.
- Obligations are unsecured; proceeds used to repay existing debt and for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562476/000119312525329705/0001193125-25-329705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562476/000119312525329705/d87862d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-329705

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