(Source: Fitch Inc) 27 Oct 2015 8:02 PM GMT/UTC Fitch Ratings-New York-27 October 2015: Fitch Ratings has assigned a 'BBB-' rating to Toll Brothers, Inc.'s (NYSE: TOL) proposed offering of $350 million principal amount of senior notes due 2025. This issue will be rated on a pari passu basis with all other senior unsecured debt. Net proceeds from the notes offerings will be used for general corporate purposes, which may include the development of new properties and projects, the repayment of indebtedness, and acquisitions of land and/or new businesses. A complete list of ratings follows at the end of this release. KEY RATING DRIVERS Toll's 'BBB-' ratings and Stable Outlook reflect the...
↧