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Taylor Morrison Closes Senior Notes Offering
- Client News
- July 22, 2020
Practices
Paul, Weiss advised Taylor Morrison Home Corporation, a leading homebuilder and developer of lifestyle and master-planned communities, in the issuance of $500.0 million aggregate principal amount of 5.125% senior notes due 2030 by its wholly owned subsidiary, Taylor Morrison Communities, Inc. Citigroup Global Markets, Inc. acted as representative of the several initial purchasers of the notes. The issuer used the proceeds of the notes offering and cash on hand to redeem $266.9 million outstanding principal amount of its 6.000% senior notes due 2023 and $333.1 million outstanding principal amount of its 5.875% senior notes due 2025.
The Paul, Weiss team included corporate partner John Kennedy and tax partner David Mayo.