---
schema_version: "secwatch.filing_event.v1"
accession: "0000794170-26-000046"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2026-02-05T23:59:59+00:00"
generated_at: "2026-05-16T04:41:22.665222+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers upsizes revolver to $2.375B, extends maturities, removes SOFR spread

## Summary
- Revolving credit facility increased to $2.375B from $2.35B; maturity extended to Feb 2031.
- Term loan: $548.4M of $650M extended to Feb 2031; $101.6M remains due Feb 2030.
- SOFR credit spread adjustment of 10 bps eliminated from both facilities.
- ING Capital added as a new lender; Capital One, First-Citizens, Zions exited.
- Company reaffirmed all financial covenants and representations remain in compliance.

## SEC filing metadata
- accession: 0000794170-26-000046
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2026-02-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01, 10.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000079417026000046/0000794170-26-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000079417026000046/tol-20260205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000794170-26-000046
- JSON: https://secwatch.observer/filing/0000794170-26-000046.json
- Plain text: https://secwatch.observer/filing/0000794170-26-000046.txt

## Key facts
- Material Agreements
  Toll Brothers, Inc. amended Term Loan Agreement (effective 2026-02-05).
  - Action: amendment
  - Agreement: credit facility
  - Effective: 2026-02-05
  source text: amendment, among other updates, the maturity date of $548,437,500 of loans outstanding under the Term Loan Agreement was extended from February 7, 2030 to February 5, 2031 (with $101,562,500 of outstanding loan remaining due on February 7, 2030) and the Term Loan Agreement’s interest rate provisions were adjusted to remove the SOFR Credit Spread Adjustment from substantially all outstanding loans thereunder.
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417026000046/0000794170-26-000046-index.htm
- Material Agreements
  Toll Brothers, Inc. amended Revolving Credit Agreement (effective 2026-02-05).
  - Action: amendment
  - Agreement: credit facility
  - Effective: 2026-02-05
  source text: amendment, among other updates, the total amount of revolving loans and commitments available under the Revolving Credit Agreement was increased from $2.35 billion to $2.375 billion, the maturity date of the Revolving Credit Agreement was extended from February 7, 2030 to February 5, 2031, and the Revolving Credit Agreement’s interest rate provisions were adjusted to remove the Secured Overnight Financing Rate credit spread adjustment of ten basis points (the “SOFR Credit Spread Adjustment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000079417026000046/0000794170-26-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.