---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-030499"
form_type: "8-K"
ticker: "TOL"
cik: "0000794170"
company_name: "Toll Brothers, Inc."
filed_at: "2025-06-10T23:59:59+00:00"
generated_at: "2026-05-19T16:26:49.929971+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Toll Brothers issues $500M of 5.600% Senior Notes due 2035; proceeds for general purposes, may refinance 2025 notes

## Summary
- $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.

## SEC filing metadata
- accession: 0001628280-25-030499
- form_type: 8-K
- ticker: TOL
- cik: 0000794170
- company_name: Toll Brothers, Inc.
- filed_at: 2025-06-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01, 1.1
- EDGAR index: https://www.sec.gov/Archives/edgar/data/794170/000162828025030499/0001628280-25-030499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/794170/000162828025030499/tol-20250605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-030499
- JSON: https://secwatch.observer/filing/0001628280-25-030499.json
- Plain text: https://secwatch.observer/filing/0001628280-25-030499.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/794170/000162828025030499/0001628280-25-030499-index.htm

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