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Taylor Morrison Completes Synthetic Secondary Offering

Paul, Weiss represented home builder Taylor Morrison Home Corporation (NYSE: TMHC) in its completed public offering of 10,000,000 shares of its Class A common stock at a purchase price per share of $23.30. The offering net proceeds were used to purchase partnership units in Taylor Morrison’s direct subsidiary, along with shares of Taylor Morrison’s Class B common stock. The stake was held by its equity sponsors, affiliates of and funds managed by TPG Global, LLC and Oaktree Capital Management, L.P. Citigroup and Goldman Sachs & Co. LLC were joint book-running managers and underwriters for the public offering.

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

June 27, 2017

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