Toll Brothers, Inc. (TOL): debt financing — Toll Brothers issues $500M of 5.600% Senior Notes due 2035; proceeds for general purposes, may refinance 2025 notes

Toll Brothers, Inc.

$500M aggregate principal, 5.600% interest, matures June 15, 2035; semi-annual interest begins Dec 15, 2025.
Net proceeds for general corporate purposes, including potential refinancing of existing 4.875% senior notes due 2025.
Notes are unsecured, unsubordinated obligations of Toll Brothers Finance Corp., guaranteed by Toll Brothers and certain subsidiaries.
Structurally subordinated to claims of non-guarantor subsidiaries; change-of-control repurchase at 101% of principal.
Offering completed June 10, 2025; underwriters include BofA, BBVA, BMO, Goldman Sachs, Mizuho, PNC, Truist, U.S. Bancorp, Wells Fargo.

item 1.01 item 2.03 item 8.01 item 9.01 item 1.1

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Toll Brothers, Inc. incurred senior notes of $500,000,000 aggregate principal amount with BofA Securities Inc., BBVA Securities, Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC., Mizuho Securities USA LLC, PNC Capital Markets LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC at 5.600% maturing June 15, 2035.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: BofA Securities Inc., BBVA Securities, Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC., Mizuho Securities USA LLC, PNC Capital Markets LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC
Rate: 5.600%
Maturity: June 15, 2035
Event: incurrence

Exact text from the filing

Investments, Inc., and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (the “Underwriters”), with respect to a public offering of $500,000,000 aggregate principal amount of its 5.600% Senior Notes due 2035 (the “Senior Notes”), guaranteed by the Company and certain of its subsidiaries. The Underwriting Agreement contains

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Toll Brothers, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-030499

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