SCOTTSDALE, Ariz., Jan. 30, 2018 /PRNewswire/ -- Taylor Morrison Home Corporation (NYSE:TMHC) today announced an amendment to its current $500 million unsecured revolving credit facility agreement with a principal purpose to extend the maturity from April 2019 to January 2022.
"As the housing market continues along its steady trajectory of recovery, the extension of our credit facility provides us with financial flexibility to support our key strategies of acquiring land in core locations and developing best-in-class communities" said Sheryl Palmer, Chairman and Chief Executive Officer of Taylor Morrison.
Dave Cone, Executive Vice President and Chief Financial Officer, added "The financial strength of the company is reflected through the quality and diversity of the banks in our facility. We appreciate the opportunity to work with an outstanding group of financial institutions and value the partnership they provide."
About Taylor Morrison
Taylor Morrison Home Corporation (NYSE:TMHC) is a leading national homebuilder and developer that has been recognized as the 2016, 2017 and 2018 America's Most Trusted® Home Builder by Lifestory Research. Based in Scottsdale, Arizona we operate under two well-established brands, Taylor Morrison and Darling Homes. We serve a wide array of consumer groups from coast to coast, including first-time, move-up, luxury, and 55 plus buyers. In Texas, Darling Homes builds communities with a focus on individuality and custom detail while delivering on the Taylor Morrison standard of excellence.
CONTACT: Investor Relations
Taylor Morrison Home Corporation
SOURCE Taylor Morrison