debt
confidence high
sentiment positive
materiality 0.65
Toll Brothers extends revolver to 2030, ups capacity to $2.35B
Toll Brothers, Inc.
- Senior unsecured revolver maturity extended from Feb 2028 to Feb 7, 2030; commitments increased from $1.955B to $2.35B.
- $650M term loan facility maturity also extended to Feb 7, 2030.
- No other material changes to terms; guarantees by Toll Brothers and its home building subsidiaries remain.
- Extensions effective Feb 7, 2025; involved multiple lenders including Mizuho, Truist, BMO, etc.