Taylor Morrison offers $300 million 10-year bullet in Friday drive-by

By Paul A. Harris

Portland, Ore., Feb. 28 - Taylor Morrison Communities Inc. plans to price a $300 million offering of non-callable 10-year senior notes (existing ratings B2/BB-) Friday following a late-morning conference call with investors, according to a market source.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are managing the Rule 144A for life transaction.

The Scottsdale, Ariz.-based homebuilder plans to use the proceeds for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.