Taylor Morrison Prices 5.750% Senior Notes Offering

Rhea-AI Summary

Taylor Morrison (NYSE: TMHC) priced a $525.0 million offering of 5.750% senior notes due 2032. The offering is expected to close on November 10, 2025, with interest payable semi‑annually on May 15 and November 15 beginning May 15, 2026. The notes were priced at 100% of principal and are unsecured but guaranteed on a senior unsecured basis by the same subsidiaries that guarantee the issuer's existing senior notes.

Proceeds, together with cash on hand, are intended to be used to purchase and redeem multiple series of 2027 notes (including 5.875% and 6.625% issues), and to pay related fees and expenses. The notes are being offered under Rule 144A and Regulation S and will not be registered under the Securities Act.

Positive

• Priced $525.0 million of senior notes due 2032
• Coupon at 5.750% fixed, payable semi‑annually
• Notes priced at 100% of principal (no original-issue discount)
• Proceeds intended to refinance 2027 maturities and extend debt to 2032

Negative

• Offering is unsecured (senior unsecured basis) despite subsidiary guarantees
• Notes are not registered under the Securities Act and limited to institutional buyers
• Use of proceeds plus cash on hand to buy/redemptions will deploy company cash resources

News Market Reaction

+1.13%

1 alert

+1.13% News Effect

On the day this news was published, TMHC gained 1.13%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SCOTTSDALE, Ariz., Nov. 3, 2025 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE: TMHC) ("TMHC") today announced that its indirect wholly owned subsidiary, Taylor Morrison Communities, Inc. (the "Issuer"), priced its previously announced offering of $525.0 million aggregate principal amount of senior notes due 2032 (the "Senior Notes"). The closing of the offering of the Senior Notes is expected to occur on November 10, 2025, subject to customary closing conditions.

The Senior Notes will bear interest at a rate of 5.750% per annum, payable semi-annually in cash, in arrears, on each May 15 and November 15, beginning on May 15, 2026. The price to investors will be 100% of the principal amount of the Notes.

The Issuer intends to use proceeds of the proposed notes offering, together with cash on hand, to (i) purchase any and all of its 5.875% Senior Notes due 2027 (the "2027 Notes") validly tendered and not validly withdrawn pursuant to the Issuer's concurrent cash tender offer for any and all 2027 Notes (the "Tender Offer"), (ii) redeem all of the 2027 Notes not purchased in the Tender Offer, (iii) redeem in full all of its outstanding 6.625% Senior Notes due 2027 (the "2027 Exchange Notes") and the outstanding 6.625% Senior Notes due 2027 issued by William Lyon Homes, Inc. (an indirect wholly owned subsidiary of the Issuer) (the "2027 WLH Notes") and (iv) pay fees and expenses related to the notes offering, the Tender Offer and the redemptions.

The Senior Notes will be unsecured and guaranteed on a senior unsecured basis by the same subsidiaries of TMHC that guarantee, or are obligors of, the Issuer's existing senior unsecured notes.

The Senior Notes and related guarantees have not, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any other jurisdiction. The Senior Notes may not be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption. The Senior Notes will be sold only to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act or, outside the United States, to persons other than "U.S. persons" in compliance with Regulations S under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Senior Notes and related guarantees and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer solicitation or sale would be unlawful. This press release does not constitute a notice of redemption for, nor an offer to purchase, the 2027 Notes, the 2027 Exchange Notes or the 2027 WLH Notes.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the expected terms and timing of the Tender Offer and the redemptions, the expected closing of the Senior Notes offering and the intended use of proceeds from the Senior Notes offering. These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "may," "will," "can," "could," "might," "should" and similar expressions identify forward-looking statements, including statements related to expected financial, operating and performance results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect TMHC's business in the future. A detailed discussion of such risks and uncertainties is included in TMHC's Form 10-K, on file with the Securities and Exchange Commission, in the section titled "Risk Factors," as updated in our subsequent reports filed with the Securities and Exchange Commission. Any forward-looking statement made in this press release is based only on currently available information and speaks only as of the date on which it is made. TMHC undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.

About Taylor Morrison

Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and resort lifestyle homebuyers and renters under our family of brands—including Taylor Morrison, Esplanade and Yardly. From 2016-2025, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. 

CONTACT:
Mackenzie Aron, VP Investor Relations
(407) 906-6262
investor@taylormorrison.com

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SOURCE Taylor Morrison Home Corp.

FAQ

What did Taylor Morrison (TMHC) announce on November 3, 2025 regarding debt financing?

Taylor Morrison priced a $525.0 million offering of 5.750% senior notes due 2032, expected to close on November 10, 2025.

When will TMHC senior notes due 2032 pay interest and what is the rate?

The notes bear interest at 5.750% per annum, payable semi‑annually on May 15 and November 15, beginning May 15, 2026.

How will TMHC use proceeds from the $525 million TMHC (NYSE: TMHC) notes offering?

Proceeds, together with cash on hand, will be used to purchase and redeem several 2027 note series and to pay related fees and expenses.

Are the TMHC 2032 senior notes registered for public resale in the U.S.?

No. The notes and guarantees are not registered under the Securities Act and will be offered only to qualified institutional buyers under Rule 144A or outside the U.S. under Regulation S.

What is the expected closing date for TMHC's 5.750% senior notes offering?

The offering is expected to close on November 10, 2025, subject to customary closing conditions.

Does the TMHC 2032 offering change near‑term maturities for shareholders?

Yes. The issuer intends to use proceeds to purchase and redeem 2027 notes, which reduces near‑term 2027 maturities and extends debt to 2032.