Taylor Morrison Home Corporation (NYSE:TMHC) Files An 8-K Entry into a Material Definitive Agreement

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Taylor Morrison Home Corporation (NYSE:TMHC) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 29, 2018, Taylor Morrison Communities, Inc. (“TMC”) and the other subsidiaries of Taylor Morrison Home Corporation party thereto entered into Amendment No. 6 (the “Amendment”) to the Second Amended and Restated Credit Agreement, dated as of July 13, 2011 (as amended, amended and restated, supplemented or otherwise modified thereafter in accordance with the terms thereof, the “Credit Agreement”), among TMC, TMM Holdings Limited Partnership, Taylor Morrison Holdings II, Inc., Taylor Morrison Holdings, Inc., Taylor Morrison Finance, Inc., the lenders party thereto and Credit Suisse AG, as administrative agent for the lenders.

Among other things, the Amendment increases the commitments under the Credit Agreement to $600.0 million and permits the dissolution of certain entities and the addition of intermediate parent holding companies above the borrower.

ITEM 2.03

CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

The information contained in Item 1.01 above is hereby incorporated in this Item 2.03 by reference.


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.