Toll Brothers Enters Material Definitive Agreement

TL;DR

Toll Brothers just signed a big deal, filing an 8-K today.

AI Summary

On February 7, 2025, Toll Brothers, Inc. entered into a material definitive agreement. The company, incorporated in Delaware with its principal executive offices at 1140 Virginia Drive, Fort Washington, PA, filed a Form 8-K to report this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant new contract or partnership for Toll Brothers, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that may affect the company's financial health and stock performance.

Key Numbers

• 001-09186 — SEC File Number (Identifies the company's filing with the SEC.)
• 23-2416878 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Toll Brothers, Inc. (company) — Registrant
• February 7, 2025 (date) — Date of earliest event reported
• 1140 Virginia Drive Fort Washington PA 19034 (address) — Principal Executive Offices
• Delaware (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share TOL The New York Stock Exchan
• $1.955 billion — ing Credit Agreement was increased from $1.955 billion to $2.35 billion pursuant to the existi
• $2.35 billion — nt was increased from $1.955 billion to $2.35 billion pursuant to the existing terms of the R
• $650 million — rower extended the maturity date of all $650 million of outstanding loans under the Borrower

Filing Documents

• tol-20250207.htm (8-K) — 37KB
• tol-revolverextensionreqfe.htm (EX-10.1) — 46KB
• tol-termloanextensionreque.htm (EX-10.2) — 33KB
• tol-exh103revolvercommitme.htm (EX-10.3) — 71KB
• tol-exh104termloanxcommitm.htm (EX-10.4) — 14KB
• tol-exh105noticeofterminat.htm (EX-10.5) — 28KB
• tol-exh106noticeoftermoftl.htm (EX-10.6) — 22KB
• 0000794170-25-000020.txt ( ) — 402KB
• tol-20250207.xsd (EX-101.SCH) — 2KB
• tol-20250207_lab.xml (EX-101.LAB) — 21KB
• tol-20250207_pre.xml (EX-101.PRE) — 12KB
• tol-20250207_htm.xml (XML) — 3KB

01. Entry into a Material Definitive Agreement

ITEM 1.01. Entry into a Material Definitive Agreement On February 7, 2025, Toll Brothers, Inc. (the "Registrant") and its wholly owned subsidiary First Huntingdon Finance Corp. (the "Borrower") extended the maturity date of the Borrower's senior unsecured revolving credit agreement, dated as of February 14, 2023, among the Registrant, the Borrower, the lenders party thereto and Mizuho Bank, Ltd. as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the "Revolving Credit Agreement") from February 14, 2028 to February 7, 2030. In connection therewith, the total amount of revolving loans and commitments available under the Revolving Credit Agreement was increased from $1.955 billion to $2.35 billion pursuant to the existing terms of the Revolving Credit Agreement and through a series of commitment, termination and extension notices and acceptances between the Borrower, the Registrant and the existing and new lenders party thereto. Other than the extension of the maturity date and the increase in revolving loans and commitments, no other provisions of the Revolving Credit Agreement were modified. In addition, on February 7, 2025, the Registrant and the Borrower extended the maturity date of all $650 million of outstanding loans under the Borrower's existing $650 million senior unsecured term loan credit agreement, dated as of February 3, 2014 among the Registrant, the Borrower, the lenders party thereto and Truist Bank (as successor by merger to SunTrust Bank), as Administrative Agent (as amended, restated, extended, supplemented or otherwise modified from time to time, the "Term Loan Agreement"), from the several existing maturity dates to February 7, 2030. The maturity date extensions were made pursuant to the existing terms of the Term Loan Agreement and were accomplished through a series of commitment, termination and extension notices and acceptances between the Borrower, the Registrant and the existing len

01. Financial Statements and Exhibits

ITEM 9.01. Financial Statements and Exhibits (d). Exhibits The following Exhibits are furnished as part of this Current Report on Form 8-K: Exhibit No. Item 10.1* Revolving Credit Facility Extension Agreements, effective as of February 7, 2025 with respect to the Amended and Restated Credit Agreement, dated as of October 31, 2019 (as amended, supplemented or otherwise modified), among the Borrower, the Registrant, the lenders party thereto and Citibank, N.A., as Administrative Agent 10.2* Term Loan Extension Agreements, effective as of February 7, 2025, with respect to the Term Loan Credit Agreement dated as of February 3, 2014 (as amended, supplemented or otherwise modified) among the Registrant, the Borrower, the lenders party thereto and Truist Bank, (as successor by merger to SunTrust Bank), as Administrative Agent 10.3* Commitment and Acceptance Agreement , effective as of February 7, 2025, with respect to the Amended and Restated Credit Agreement, dated as of October 31, 2019 (as amended, supplemented or otherwise modified), among the Borrower, the Registrant, the lenders party thereto and Citibank, N.A., as Administrative Agent 10.4* Commitment and Acceptance Agreement , effective as of February 7, 2025, with respect to the Term Loan Credit Agreement dated as of February 3, 2014 (as amended, supplemented or otherwise modified) among the Registrant, the Borrower, the lenders party thereto and Truist Bank, (as successor by merger to SunTrust Bank), as Administrative Agent 10.5* Termination Notice of Declinin g Lend ers , effective as of February 7, 2025, with respect to the Amended and Restated Credit Agreement, dated as of October 31, 2019 (as amended, supplemented or otherwise modified), among the Borrower, the Registrant, the lenders party thereto and Citibank, N.A., as Administrative Agent 10.6* Termination Notice of Declining Lenders, effective as of February 7, 2025, with respect to t he Term Loan Credit Agreement dated as of February 3, 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TOLL BROTHERS, INC. Dated: February 11, 2025 By: /s/ Michael J. Grubb Michael J. Grubb Senior Vice President, Chief Accounting Officer 3