Toll Brothers, Inc. Prices $500,000,000 of Senior Notes

Core Viewpoint - Toll Brothers, Inc. has announced a public offering of $500 million in 5.600% Senior Notes due 2035, with settlement expected on June 10, 2025, subject to customary closing conditions [1][2]. Group 1: Offering Details - The Notes will have a coupon rate of 5.600% and will pay interest semi-annually on June 15 and December 15, starting from December 15, 2025 [2]. - The net proceeds from the Offering are expected to be used for general corporate purposes, which may include the repayment of existing 4.875% Senior Notes due 2025 [2]. Group 2: Underwriters and Managers - A consortium of financial institutions, including BofA Securities, Inc., BBVA Securities, Inc., and Goldman Sachs & Co. LLC, are acting as Joint Book-Running Managers for the Offering [3]. - Additional firms are participating as Lead Managers and Co-Managers in the Offering [3]. Group 3: Company Overview - Toll Brothers, Inc. is recognized as the leading builder of luxury homes in the United States, founded in 1967 and publicly traded since 1986 [6]. - The company operates in over 60 markets across 24 states and serves various buyer segments, including first-time buyers and active adults [6].