- Toll Brothers (NYSE:TOL -2.5%) has priced an offering of $350M in senior notes.
- The 4.875% senior notes are due November 2025, with settlement to come Oct. 30.
- Proceeds will go to general purposes, which might include acquisition of land and development of new projects as well as debt repayment.
- In its most recent quarter, Toll Brothers reported $404.8M in cash against total debt of $3.32B (debt/equity of 80.5).
- Shares were flat in after-hours action.
Toll Brothers prices $350M in debt
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Symbol | Last Price | % Chg |
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TOL | - | - |
Toll Brothers, Inc. |