TAYLOR MORRISON HOME CORPORATION (NYSE:TMHC) Files An 8-K Other Events

Item8.01

Public Offering

On June21, 2017, Taylor Morrison Home Corporation (the Company)
announced the launch of an offering of 10,000,000 shares of its
ClassA common stock in a public offering (the Public Offering).

The Company intends to use all of the net proceeds that it
receives from the Public Offering to purchase partnership units
in its direct subsidiary TMM Holdings II Limited Partnership
along with shares of the Companys ClassB 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 ClassB common stock purchased by the Company will be
equal to the number of shares of ClassA common stock sold in the
Public Offering.

On June21, 2017, the Company issued a press release announcing
the Public Offering. A copy of the press release is filed as
Exhibit 99.1 hereto and is incorporated by reference herein.

This Current Report does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any offer, solicitation or sale of any security, in any
jurisdiction in which such offering, solicitation or sale would
be unlawful.

Preliminary Results for the Two Months Ended May31,
2017

In connection with the Public Offering, we reported that our
average sales pace per community for the two months ended May31,
2017 was 2.9 homes per month compared to 2.2 homes per month for
the same period in 2016, representing a 31.8% increase year over
year. In addition, our net sales orders for the two months ended
May31, 2017 were 1,736 compared to 1,397 in the prior year
period, an increase of 24.3%. We currently expect home closings
for the quarter ending June30, 2017 to be approximately 1,800.

The preliminary average sales pace, net sales order and home
closings data set forth above have been prepared by, and are the
responsibility of, our management. The foregoing information is
preliminary and has not been compiled or examined by our
independent auditors nor have our independent auditors performed
any procedures with respect to this information or expressed any
opinion or any form of assurance on such information. In
addition, the foregoing information is subject to revision as we
prepare our financial statements and other disclosures as of and
for the three months ending June30, 2017, including all
disclosures required by U.S. GAAP. Because we have not completed
our normal quarterly closing and review procedures for the three
months ending June30, 2017, and subsequent events may occur that
require material adjustments to these results, the final results
and other disclosures for the three months ending June30, 2017
may differ materially from this information. This preliminary
information should not be viewed as a substitute for full
financial statements prepared in accordance with U.S. GAAP or as
a measure of performance. In addition, these preliminary average
sales pace, net sales order and home closings data for the two
months ended May31, 2017 or the quarter ending June30, 2017, as
applicable, are not necessarily indicative of the results to be
achieved for the full quarter ending June30, 2017 or any future
period. See Forward-Looking Statements.

As used in this Current Report, unless otherwise indicated or the
context otherwise requires, references to the Company, we, us, or
our are to Taylor Morrison Home Corporation and its subsidiaries.

Forward-Looking Statements

Statements contained in or incorporated by reference into this
Current Report include forward-looking statements. 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 believes, estimates, plans,
projects, anticipates, expects, intends, may, can, could, might,
will or should and similar expressions identify forward-looking

statements, including statements related to expected operating
and performing 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 our business in the future.

Such risks, uncertainties and other factors include, among other
things: changes in general and local economic conditions;
slowdowns or severe downturns in the housing market; homebuyers
ability to obtain suitable financing; shortages in, disruptions
of and cost of labor; our ability to obtain additional
performance, payment and completion surety bonds and letters of
credit; higher cancellation rates; competition in our industry;
any increase in unemployment or underemployment; increases in
taxes, government fees or interest rates; inflation or deflation;
the seasonality of our business; significant home warranty and
construction defect claims; our reliance on subcontractors;
failure to manage land acquisitions, inventory and development
and construction processes; availability of land and lots;
decreases in the market value of our land inventory; new or
changes in government regulations and legal challenges; our
ability to sell mortgages we originate and claims on loans sold
to third parties; the loss of any of our important commercial
relationships; our ability to use deferred tax assets; raw
materials and building supply shortages and price fluctuations;
our concentration of significant operations in certain geographic
areas; risks associated with our unconsolidated joint venture
arrangements; information technology failures and data security
breaches; costs to engage in and the success of future growth or
expansion of our operations or acquisitions or disposals of
businesses; costs associated with our defined benefit and defined
contribution pension schemes; damages associated with any major
health and safety incident; our ownership, leasing or occupation
of land and the use of hazardous materials; material losses in
excess of insurance limits; existing or future litigation,
arbitration or other claims; negative publicity or poor relations
with the residents of our communities; failure to recruit, retain
and develop highly skilled, competent people; utility and
resource shortages or rate fluctuations; constriction of the
capital markets; risks related to our debt and the agreements
governing such debt; our ability to access the capital markets;
and risks related to our structure and organization. We undertake
no duty to update any forward-looking statement, whether as a
result of new information, future events or changes in our
expectations, except as required by applicable law. In addition,
other such risks and uncertainties may be found in the Companys
Annual Report on Form 10-K filed with the Securities and Exchange
Commission.

Exhibits.

Taylor Morrison Home Corp Exhibit
EX-99.1 2 d415730dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE      CONTACT:    Taylor Morrison Home Corporation       Investor Relations       (480) 734-2060       [email protected] Taylor Morrison Home Corporation Announces Public Offering of Class A Common Stock Proceeds to be Used to Purchase Interests from Equity Sponsors. SCOTTSDALE,…
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About TAYLOR MORRISON HOME CORPORATION (NYSE:TMHC)

Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina. The Company operates under the Taylor Morrison and Darling Homes brand names. It also provides financial services to customers through its mortgage subsidiary, Taylor Morrison Home Funding, LLC (TMHF) and title insurance and closing settlement services through its title company, Inspired Title Services, LLC (Inspired Title). The Company’s business is organized into over 15 operating divisions aggregated into three homebuilding segments, East, Central and West, and its Mortgage Operations segment, which includes the activities of TMHF and Inspired Title.