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Toll Brothers Reports Exchange Offer For Certain Outstanding Debt Securities

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Toll Brothers Finance Corp., a wholly-owned subsidiary of Toll Brothers, Inc. (TOL: Quote), announced that it has commenced a registered exchange offer to exchange new 5.875% Senior Notes due February 15, 2022 for any and all of its currently outstanding 6.875% Senior Notes due 2012 and 5.95% Senior Notes due 2013.

The company stated that the New Notes will comprise part of the same series as, and are expected to be fungible for U.S. federal income tax purposes with, the $300 million aggregate principal amount of notes that Toll Brothers Finance is selling for cash under its Form S-3 Registration Statement filed with the Securities and Exchange Commission on November 23, 2011, as supplemented by the Prospectus Supplement filed on February 1, 2012. Settlement of the Cash Notes is anticipated to occur on February 7, 2012.

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