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Entry into a Material Definitive

On October30, 2015, Toll Brothers Finance Corp., Inc. (the Issuer), a wholly-owned subsidiary of Toll Brothers, Inc. (the Company), completed the public offering of $350,000,000 aggregate principal amount of its 4.875% Senior Notes due 2025 (the Senior Notes), guaranteed by the Company and certain of its subsidiaries. The Senior Notes have been registered under the Securities Act of 1933, as amended (the Securities Act), pursuant to the Companys universal shelf registration statement on Form S-3 (File No.333-202046), as supplemented by the prospectus supplement dated October27, 2015, previously filed with the Securities and Exchange Commission under the Securities Act.

The Senior Notes were issued (and the guarantees delivered) pursuant to an indenture (the Base Indenture), d ated as of February7, 2012, among the Issuer, the guarantors named therein, including the Company (collectively, the Guarantors), and The Bank of New York Mellon, as trustee (the Trustee), as amended and supplemented by the resolution authorizing the Senior Notes, dated as of October30, 2015 (the Authorizing Resolution and, together with the Base Indenture, the Indenture). Copies of the Base Indenture, the Authorizing Resolution, and the form of Senior Note are attached hereto as Exhibits 4.1, 4.2 and 4.3, respectively, and are incorporated herein by reference. The description of the Indenture and the Senior Notes in this report are summaries and are qualified in their entirety by the terms of the Indenture and the form of Senior Note.

The Senior Notes are unsecured and unsubordinated obligations of the Issuer and rank equally and ratably with the other unsecured and unsubordinated indebtedness of the Issuer. The Senior Notes and the guarantee of the Company are structurally subordinated to the prior claims of creditors of non-guarantor subsidiaries of the Company.

The Issuer will pay interest on the Senior Notes semi-annually in arrears on May15 and November15, beginning May15, 2016, to holders of record on the preceding May1 or November1, as the case may be. Interest will be calculated on the basis of a 360-day year of twelve 30-day months. The Senior Notes will mature on November15, 2025.

The Issuer may redeem the Senior Notes in whole or in part at any time and from time to time prior to their stated...


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