Toll Brothers to repay $222.5 million bank facility

By Jennifer Chiou

New York, June 2- Toll Brothers, Inc. announced Thursday plans to repay all of its $222.5 First Huntingdon Finance Corp. bank term loan facility due 2005 at 100% of the principal amount plus accrued interest on Friday.

The company also intends to redeem all of its $100 million 8% senior subordinated notes due 2009 at 102.667% plus accrued interest.

The repayment and redemption will result in an after-tax charge of $0.03 per diluted share in Toll Brothers' third-quarter fiscal 2005.

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

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