Taylor Morrison to pay down 6%, 5 7/8% notes with note proceeds

By Taylor Fox

Chicago, July 8 – Taylor Morrison Home Corp. plans to use the proceeds from the sale of new senior notes due 2030 as well as cash on hand to redeem $222.4 million principal amount of its 6% senior notes due 2023 and $277.6 million principal amount of its 5 7/8% senior notes due 2025, according to a news release.

Taylor Morrison is a Scottsdale, Ariz.-based homebuilder.

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