secwatch.observer — SEC 8-K summary
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Issuer:     Toll Brothers, Inc. (TOL)
CIK:        0000794170
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0000794170-23-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01, 10.1
LLM model:  deepseek-v4-flash:cloud@v2

Toll Brothers enters $1.905B revolving credit facility, extends term loan to 2028, switches from LIBOR to SOFR
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- New $1.905B senior unsecured revolving credit facility matures February 14, 2028; capacity can increase to $3.0B.
- Amendment to $650M term loan extends $487.5M of outstanding loans to February 14, 2028; $101.6M due Nov 2025 and $60.9M due Nov 2026.
- Both facilities replace LIBOR-based interest rate provisions with SOFR-based rates.
- No principal payments due on term loan before November 1, 2025; voluntary prepayment permitted without penalty.
- Revolving credit facility and term loan are guaranteed by Toll Brothers and substantially all wholly owned homebuilding subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000025/0000794170-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/794170/000079417023000025/tol-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000794170-23-000025

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