TMHC Taylor Morn Home

Exchange Traded Concepts LLC significantly increased its stake in Taylor Morrison Home Corporation by 180.8% in Q3, now owning 50,644 shares worth $3.34 million. This move comes as Taylor Morrison Home reported strong quarterly earnings, beating analyst expectations for both EPS and revenue. Analyst sentiment remains positive for the company, with a consensus "Buy" rating and an average target price of $75.57.

Taylor Morrison Home Corp (NYSE:TMHC) announced it has updated its $1 billion revolving loan facility through an amended and restated credit agreement. This new agreement includes an uncommitted accordion feature for an additional $400 million and details interest payment structures based on investment-grade ratings and capitalization ratios. The maturity of the credit agreement is set for five years from the closing date.

Taylor Morrison has signed an amended credit agreement with Wells Fargo, establishing an unsecured $1.0 billion revolving credit facility with an additional $400 million accordion. This five-year facility, administered by Wells Fargo and a syndicate of lenders, aims to enhance the company's liquidity and financial flexibility. The interest rates are linked to SOFR or a base rate, with margins varying based on investment grade status or capitalization ratio.

Taylor Morrison Home Corp (NYSE:TMHC) announced an amended credit agreement for a $1 billion revolving loan facility, including an accordion feature for an additional $400 million. This facility details interest payment options, commitment fees, and financial covenants, ensuring flexibility while maintaining financial stability. This move is part of the company's broader financial strategies, including recent tender offers for senior notes and a new board appointment.

Taylor Morrison Home Corporation has amended and restated its primary corporate credit facility, establishing a new unsecured revolving credit agreement providing $1.0 billion in borrowing capacity with an additional $400 million uncommitted accordion feature, maturing in five years from December 22, 2025. This refreshed liquidity support, detailed in a Form 8-K filing, includes interest rates tied to the company's credit ratings or capitalization ratio and outlines standard covenants and events of default, ensuring ongoing financial discipline. The agreement enhances the company's capital structure with unsecured obligations guaranteed by specified subsidiaries.

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