Toll Brothers Extends Loan Maturities and Increases Revolving Credit to $2.375 Billion

Reuters
02/06
Toll Brothers Extends Loan Maturities and Increases Revolving Credit to $2.375 Billion

Toll Brothers Inc. has amended its existing $2.35 billion senior unsecured revolving credit agreement, increasing the total available commitments to $2.375 billion and extending the maturity date from February 7, 2030, to February 5, 2031. The company also updated the agreement’s interest rate provisions, removing the ten basis point Secured Overnight Financing Rate $(SOFR)$ credit spread adjustment. In a separate move, Toll Brothers amended its $650 million senior unsecured term loan credit agreement, extending the maturity date for $548.4 million of outstanding loans to February 5, 2031, while $101.6 million remains due on February 7, 2030. The SOFR credit spread adjustment was also removed from most outstanding loans under this agreement. Mizuho Bank, Ltd. acts as the administrative agent for the revolving credit agreement, while Truist Bank serves in the same capacity for the term loan. Substantially all of Toll Brothers’ wholly owned home building subsidiaries guarantee the obligations under both agreements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toll Brothers Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000794170-26-000046), on February 05, 2026, and is solely responsible for the information contained therein.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10