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Toll Brothers unit closes $150M additional notes offering

Toll Brothers Inc.'s subsidiary Toll Brothers Finance Corp. Inc. completed its underwritten tack-on offering of $150 million of its 4.875% senior notes.

The notes are set to mature March 15, 2027.

The additional notes were priced at 103.655% of the principal amount, plus applicable interest.

The company expects to use the net proceeds from the offering for general corporate purposes.