Toll Brothers, Inc. (NYSE:TOL) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
wholly-owned subsidiary of Toll Brothers, Inc. (the Company)
entered into an underwriting agreement (the Underwriting
Agreement) with the Company, as guarantor, and Citigroup Global
Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities
USA LLC, SunTrust Robinson Humphrey, Inc., and Wells Fargo
Securities, LLC, as representatives of the several underwriters
named therein (the Underwriters), with respect to a public
offering of an additional $150,000,000 aggregate principal amount
of the 4.875% Senior Notes due 2027 previously issued by the
Issuer, guaranteed by the Company and certain of its subsidiaries
(the Offering). The closing of the Offering is subject to the
satisfaction of customary closing conditions as set forth in the
Underwriting Agreement, and is expected to occur on or about June
12, 2017.
2017, filed as part of the Companys Registration Statement on
Form S-3 (File No. 333-202046), filed with the Securities and
Exchange Commission on February 12, 2015.
purport to be complete and is qualified in its entirety by
reference to the Underwriting Agreement attached hereto as
Exhibit 1.1 and incorporated by reference herein.
OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.
incorporated by reference into this Item 2.03.
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Exhibit No.
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Item
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1.1
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Underwriting Agreement, dated June 7, 2017, among Toll
Brothers Finance Corp., Toll Brothers, Inc., as guarantor, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Mizuho Securities USA LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. |
About Toll Brothers, Inc. (NYSE:TOL)
Toll Brothers, Inc. designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Company caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Company operates in two segments: traditional home building and urban infill. Within traditional home building, it operates in approximately five geographic segments around the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California. It also builds and sells homes in urban infill markets through Toll Brothers City Living (City Living). As of October 31, 2015, it was operating in approximately 20 states.
