Toll Brothers unit extends term loan, most of revolver one year to 2025

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – Toll Brothers, Inc. subsidiary First Huntingdon Finance Corp. entered into extension letter agreements on Oct. 31, pushing out the maturity of $1.85 billion of revolving loans under its Oct. 31, 2019 credit agreement by one year to Nov. 1, 2025, according to an 8-K filing with the Securities and Exchange Commission.

The remaining $55 million of the revolver will continue to terminate on Nov. 1, 2024.

The company also entered an extension letter to its $800 million term loan credit agreement dated Feb. 3, 2014, extending the term loan by a year to Nov. 1, 2025.

Citibank, NA is the administrative agent for the revolver and SunTrust Bank the administrative agent for the term loan.

Toll Brothers is a Horsham, Pa.-based builder of luxury homes.

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