Issuer Free Writing Prospectus, dated May 8, 2013
Filed pursuant to Rule 433 under the Securities Act of 1933
Supplementing the Preliminary Prospectus, dated May 8, 2013
Registration Statement No. 333-178130
$100,000,000
Toll Brothers Finance Corp.
4.375% Senior Notes due 2023
Guaranteed on a Senior Basis by
Toll Brothers, Inc.
and Certain of its Subsidiaries
Pricing Term Sheet
| Issuer: |
Toll Brothers Finance Corp. |
| Security: |
4.375% Senior Notes due April 15, 2023. There is currently outstanding $300 million of existing notes issued April 10, 2013. |
| Size: |
$100,000,000 |
| Net Proceeds to Issuer Before Expenses: |
$102,333,000, excluding accrued interest from April 10, 2013. |
| Maturity: |
April 15, 2023 |
| Coupon: |
4.375% |
| Public Offering Price: |
102.983% of the Principal Amount, plus accrued interest from April 10, 2013. |
| Yield to Call: |
4.000% |
| Benchmark: |
UST 2.000% due February 15, 2023 |
| Benchmark Price: |
102-03 |
| Benchmark Yield: |
1.766% |
| Re-offer Spread: |
223.4 bps |
| Optional Redemption: |
Make-whole call at T + 50 bps prior to January 15, 2023, plus accrued and unpaid interest. On or after January 15, 2023, redeemable at par, plus accrued and unpaid interest. |
| Interest Payment Dates: |
April 15 and October 15, commencing October 15, 2013 |
| Trade Date: |
May 8, 2013 |
| Settlement: |
T+3; May 13, 2013 |
| Ratings: |
Ba1 (stable) |
BB+ (stable)
BBB- (stable)
| CUSIP: |
88947EAN0 |
| ISIN: |
US88947EAN04 |
| Joint Book-Running Managers: |
Citigroup Global Markets Inc. |
Deutsche Bank Securities Inc.
RBS Securities Inc.
SunTrust Robinson Humphrey, Inc.
| Co-Managers: |
PNC Capital Markets LLC |
Capital One Southcoast, Inc.
BMO Capital Markets Corp.
Comerica Securities, Inc.
SMBC Nikko Capital Markets Limited
Wells Fargo Securities, LLC
U.S. Bancorp Investments, Inc.
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. toll free at 1-800-831-9146, Deutsche Bank Securities Inc. toll free at 1-800-503-4611, RBS Securities Inc. at 1-866-884-2071 or SunTrust Robinson Humphrey, Inc. toll free at 1-800-685-4786.
Any disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg or other email system.
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