SCOTTSDALE, Ariz., May 21, 2019 /PRNewswire/ -- Taylor Morrison Home
Corporation (NYSE: TMHC)("TMHC") today announced that Taylor
Morrison Communities, Inc. (the "Issuer") intends to offer
$475.0 million aggregate principal
amount of senior notes due 2027 (the "Senior Notes").
The Issuer plans to use the net proceeds of this offering
together with cash on hand to redeem its 5.25% Senior Notes due
2021.
The Senior Notes will be unsecured and guaranteed on a senior
unsecured basis by the same subsidiaries of TMHC that guarantee, or
are co-issuers of, the Issuer's existing 5.875% Senior Notes due
2023 and 5.625% Senior Notes due 2024.
The Senior Notes will be offered to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the "Securities Act"), and to persons outside of
the United States in compliance
with Regulation S under the Securities Act. The issuance and sale
of the Senior Notes have not been registered under the Securities
Act, and the Senior Notes may not be offered or sold in
the United States absent
registration or an applicable exemption from registration
requirements.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Senior Notes, nor shall there
be any offer, solicitation or sale of any Senior Notes in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.
Forward-Looking Statements
This press release contains forward-looking statements. You
should not place undue reliance on those statements because they
are subject to numerous uncertainties and factors relating to
TMHC's operations and business environment, all of which are
difficult to predict and many of which are beyond TMHC's
control.
CONTACT: Investor Relations
Taylor Morrison Home Corporation
(480) 734-2060
investor@taylormorrison.com
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SOURCE Taylor Morrison