Simpson Thacher Represents Toll Brothers, Inc. in $250 Million Notes Offering and Related Tender Offer
09.28.09
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The Firm represented Toll Brothers, Inc. in connection with the registered offering by its wholly-owned subsidiary Toll Brothers Finance Corp. of $250 million aggregate principal amount of 6.750% Senior Notes due 2019. The notes are fully and unconditionally guaranteed on a senior basis by Toll Brothers, Inc. and substantially all of its home building subsidiaries. A portion of the proceeds are being used to fund a cash tender offer by Toll Brothers Finance Corp. for up to $150 million of its outstanding 6.875% Senior Notes due 2012 and 5.95% Senior Notes due 2013.
Toll Brothers designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities, catering to move-up, empty-nester, active-adult, age-qualified and second-home buyers in 21 states of the United States.
The Simpson Thacher team included: Joseph Kaufman, Simone Bono and Xavier Kowalski (Corporate); Jason Vollbracht (Tax); Michael Isby (Environmental); and Sara Ricciardi (Litigation). Paralegal Alexandra Greene also provided valuable assistance.