Taylor Morrison’s High‑Yield Senior Notes Offering

Cravath represented the initial purchasers, led by Citigroup, J.P. Morgan Securities, Goldman Sachs & Co. LLC, US Bancorp, Wells Fargo Securities, BofA Securities, SunTrust Robinson Humphrey and Mizuho Securities, in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Taylor Morrison Communities, Inc., a subsidiary of Taylor Morrison Home Corporation, one of the largest public homebuilders and community developers in the United States. The transaction closed on July 22, 2020.

The Cravath team included partners Joseph D. Zavaglia and Sasha Rosenthal‑Larrea and associate Holden K. Sumner on capital markets matters. Bethany E. Clarke also worked on capital markets matters and Duncan H. Hardell also worked on tax matters.