Toll Brothers Inc. has announced a significant financial move involving its wholly-owned subsidiary, Toll Brothers Finance Corp. The company has issued a notice for the optional redemption of its 4.875% Senior Notes, which are due in 2025. The total principal amount of $350 million in outstanding notes will be redeemed on July 15, 2025. Redemption will be conducted at a price that is the greater of either 100% of the principal amount or the present value of the remaining scheduled payments, calculated with the Treasury Rate plus 50 basis points. Additionally, accrued and unpaid interest up to, but not including, the redemption date will also be paid. This strategic financial maneuver is part of Toll Brothers Inc.'s ongoing efforts to manage its debt efficiently.
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