Taylor Morrison Seeks Bondholder Consent Ahead of Berkshire Merger

Taylor Morrison Home Corporation has launched a formal consent solicitation process for holders of its senior notes due 2028, 2030, and 2032. The move aims to amend existing indentures in anticipation of the developer's proposed acquisition by Berkshire Hathaway, a transition that could eventually see the parent company guarantee the debt.

Corp and Tech·July 16, 2026·reads: 1,055

The Scottsdale-based homebuilder is offering a cash incentive of $1.00 per $1,000 in principal amount to bondholders who provide their consent by 5:00 p.m. New York City time on July 22, 2026. To trigger these amendments, the company requires the approval of a majority of the outstanding notes in each series. While Berkshire Hathaway has signaled an intent to provide an unconditional guarantee for the notes following the merger, the company noted that such a move remains non-binding and is not guaranteed to occur.

Execution of the supplemental indentures depends on both the receipt of these requisite consents and the successful closure of the merger. Should the conditions be met, the amendments will become operative only upon the payment of the consent fees and the finalization of the acquisition. J.P. Morgan Securities LLC is serving as the sole solicitation agent for the process, while D.F. King & Co., Inc. has been retained to handle information and tabulation duties.