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Toll Brothers unit closes $400M notes offering

Toll Brothers Inc. unit Toll Brothers Finance Corp. concluded a $400.0 million public offering of its 3.800% senior notes due Nov. 1, 2029.

The notes will bear interest semiannually in arrears every May 1 and Nov. 1, starting May 1, 2020.

The homebuilder aims to use the net proceeds for general corporate purposes.