Taylor Morrison Home Corporation
Taylor Morrison Announces $50 Million Accelerated Share Repurchase Agreement
Summary
On September 12, 2024, Taylor Morrison Home Corporation announced it entered into an accelerated share repurchase agreement with JPMorgan Chase Bank, National Association. Under the agreement, the Company will repurchase $50 million of its common stock as part of its $500 million share repurchase program previously announced. The repurchase price will be paid on September 27, 2024, with the final settlement expected in the fourth quarter of 2024.
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About Taylor Morrison Home Corporation
Taylor Morrison Home Corporation is a residential homebuilder and land developer, primarily focused on providing innovative residential properties throughout the United States. As one of the country's leading public homebuilders, it specializes in the construction and sale of single-family detached and attached homes. Its portfolio caters to various segments, including first-time, move-up, and luxury homebuyers, offering them a range of housing options tailored to different life stages and budgets. Headquartered in Scottsdale, Arizona, Taylor Morrison operates under a strong brand reputation, supported by a commitment to quality craftsmanship and sustainable design. The company significantly influences the housing market in numerous states, predominantly in the South, West, and Central regions of the U.S. In addition to homebuilding, Taylor Morrison provides financial services that facilitate the homeownership process, including mortgage financing, title insurance, and closing services. The corporation plays a crucial role in the broader residential construction sector, responding to the fluctuating demands of the housing market while contributing to community developments and economic growth.
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