Taylor Morrison launches consent solicitations to amend indentures for 2028, 2030 and 2032 senior notes
TMHC•Consent solicitations launched for three senior note series
Taylor Morrison launched consent solicitations to amend indentures for its 5.75% Senior Notes due 2028, 5.125% Senior Notes due 2030, and 5.75% Senior Notes due 2032.
The amendments are tied to Berkshire Hathaway’s pending acquisition; Berkshire indicated it intends to unconditionally guarantee each series post-merger.
Eligible holders tendering consents by July 22 can receive a cash consent fee of $1 per $1,000 principal amount.
The changes require majority consent per series, and the amendments become effective only upon payment of the consent fee and closing of the merger.
