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.

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