Toll Brothers calls all $287.5 million 0.5% exchangeables due 2032

By Marisa Wong

Morgantown, W.Va., Aug. 15 – Toll Brothers, Inc. subsidiary Toll Brothers Finance Corp. delivered a notice of redemption on Tuesday to holders of its outstanding 0.5% exchangeable senior notes due 2032, according to an 8-K filing with the Securities and Exchange Commission.

The issuer will redeem all $287.5 million of outstanding notes on Sept. 15 at par plus accrued interest to but excluding the redemption date.

The Bank of New York Mellon is the trustee.

Horsham, Pa.-based Toll Brothers is a residential home builder.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.