Issuer:
|
Toll Brothers Finance Corp. | |||
Security:
|
8.910% Senior Notes due October 15, 2017 | |||
Size:
|
$400,000,000 | |||
Maturity:
|
October 15, 2017 | |||
Coupon:
|
8.910% | |||
Price to Public:
|
Variable Price Re-offer | |||
Spread to Benchmark Treasury:
|
639.2 basis points | |||
Benchmark Treasury:
|
2.750% due February 15, 2019 | |||
Benchmark Treasury Price and Yield:
|
$99-02+ and 2.858% | |||
Net Price to Toll:
|
97.350% | |||
Net Proceeds to Toll:
|
$389,400,000 | |||
Trade Date:
|
April 13, 2009 | |||
Interest Payment Dates:
|
April 15 and October 15, commencing October 15, 2009 | |||
Make-whole Redemption Provision:
|
At any time at a discount rate of Treasury plus 50 basis points | |||
Settlement:
|
T+5; April 20, 2009 | |||
CUSIP:
|
88947E AH3 | |||
Ratings:
|
Ba1 (neg.) / BBB- (neg.) / BBB- (stable) | |||
Sole Bookrunning Manager:
|
Citigroup Global Markets Inc. | |||
Co-Managers:
|
Banc of America Securities LLC and RBS Securities Inc. |