debt
confidence high
sentiment positive
materiality 0.55
Toll Brothers to redeem all $350M 4.875% Senior Notes due 2025 on July 15
Toll Brothers, Inc.
- Issuer Toll Brothers Finance Corp. will redeem all $350M principal of 4.875% Notes due 2025.
- Redemption date is July 15, 2025; price is greater of par or discounted at Treasury Rate plus 50 bps.
- Accrued and unpaid interest to but excluding July 15 will be paid.
- This optional redemption reduces Toll Brothers' outstanding debt by $350M.
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