Taylor Morrison Home Corp 8-K Filing

This filing details an amendment and restatement of Taylor Morrison Home Corporation's credit agreement, originally dated March 11, 2022. The restated agreement, effective December 22, 2025, establishes a new revolving loan facility with a principal amount of $1,000,000,000, which includes an uncommitted accordion feature of up to an additional $400,000,000. The agreement outlines various interest rate options based on the company's investment grade rating and capitalization ratio, including options tied to a base rate or SOFR, with associated margins. Commitment fees on unused commitments and customary agency fees are also detailed. The credit agreement matures five years from the closing date and is guaranteed by certain subsidiaries and parent entities, though the obligations remain unsecured. The agreement imposes restrictive covenants, including maintaining a maximum capitalization ratio and a minimum consolidated tangible net worth, and limits the group's ability to create liens, make certain investments, pay dividends, merge, sell assets, or engage in certain transactions with affiliates. The filing also notes the resignation of Citibank, N.A. as the administrative agent and the appointment of Wells Fargo Bank, National Association as the successor administrative agent.