skip to main content

Our lawyers provide innovative and practical counsel on a wide variety of capital raising and securities law compliance matters. We represent clients ranging from emerging private companies to established public companies. With each, we build long-term relationships, generating efficiencies and helping them realize their business goals.

Taylor Morrison Completes Synthetic Secondary Offering

Paul, Weiss represented Taylor Morrison Home Corporation in the public offering of 10,000,000 shares of its Class A common stock. The net proceeds from the offering were used to purchase partnership units in Taylor Morrison’s direct subsidiary, along with shares of Taylor Morrison’s Class B common stock, held by its current equity sponsors that are affiliates of and funds managed by TPG Global, LLC and Oaktree Capital Management, L.P. The aggregate number of partnership units and corresponding shares of Class B common stock purchased by Taylor Morrison were equal to the number of shares of Class A common stock sold in the offering. The joint book-running managers and underwriters for the offering were Credit Suisse, Citigroup and J.P. Morgan. The offering closed on March 27.

The Paul, Weiss team included corporate partners John Kennedy and Lawrence Wee; and tax partner David Mayo.

March 27, 2017

© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy