Taylor Morrison Home Corporation’s $231.2 Million Common Stock Offering

Paul, Weiss represented home builder Taylor Morrison Home Corporation (NYSE: TMHC) in its completed public offering of 10,000,000 shares of its Class A common stock at a purchase price per share of $23.12.

The company used all the net proceeds to purchase partnership units in its direct subsidiary, along with shares of Taylor Morrison’s Class B common stock from its current equity sponsors, affiliates of and funds managed by TPG Global, LLC and Oaktree Capital Management, L.P. The joint bookrunning managers and underwriters for the public offering were J.P. Morgan and Citigroup.

The Paul, Weiss team included corporate partners John Kennedy (Picture) and Lawrence Wee; and tax partner David Mayo.

Involved fees earner: John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Taylor Morrison Home Corporation;


Author: Ambrogio Visconti