Delaware
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001-09186
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23-2416878
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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☐
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Emerging growth company
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☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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*
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Previously filed.
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TOLL BROTHERS, INC.
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(Registrant)
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By:
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/s/ Martin P. Connor
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Martin P. Connor
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Senior Vice President,
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Chief Financial Officer
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Very truly yours,
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TOLL BROTHERS FINANCE CORP.,
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As Issuer
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By:
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/s/ Martin P. Connor | |
Name: Martin P. Connor | |||
Title: Senior Vice President and Chief Financial Officer | |||
TOLL BROTHERS, INC.,
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As a Guarantor
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By:
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/s/ Martin P. Connor | |
Name: Martin P. Connor | |||
Title: Senior Vice President and Chief Financial Officer | |||
CITIGROUP GLOBAL MARKETS INC.
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By:
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/s/ Adam D. Bordner |
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Name: Adam D. Bordner | |||
Title: Director | |||
DEUTSCHE BANK SECURITIES INC.
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By:
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/s/ John Han |
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Name: John Han | |||
Title: Director | |||
By:
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/s/ John C. McCabe |
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Name: John C. McCabe | |||
Title: Managing Director | |||
MIZUHO SECURITIES USA LLC
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By:
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/s/ Andrew Rothstein |
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Name: Andrew Rothstein | |||
Title: Managing Director | |||
SUNTRUST ROBINSON HUMPHREY, INC.
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By:
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/s/ Robert Nordlinger |
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Name: Robert Nordlinger | |||
Title: Director | |||
WELLS FARGO SECURITIES, LLC
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By:
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/s/ Carolyn Hurley |
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Name: Carolyn Hurley | |||
Title: Director | |||
Underwriter
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Principal Amount
of Notes
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Citigroup Global Markets Inc.
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$53,800,000
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Deutsche Bank Securities Inc.
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$53,800,000
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Mizuho Securities USA LLC
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$53,800,000
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SunTrust Robinson Humphrey, Inc.
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$53,800,000
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Wells Fargo Securities, LLC
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$53,800,000
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PNC Capital Markets LLC
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$27,000,000
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Capital One Securities, Inc.
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$16,000,000
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SMBC Nikko Securities America, Inc.
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$16,000,000
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U.S. Bancorp Investments, Inc.
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$16,000,000
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BB&T Capital Markets, a division of BB&T Securities, LLC
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$8,000,000
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BNY Mellon Capital Markets, LLC
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$8,000,000
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Citizens Capital Markets, Inc.
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$8,000,000
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Comerica Securities, Inc.
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$8,000,000
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Fifth Third Securities, Inc.
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$8,000,000
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Regions Securities LLC
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$8,000,000
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TD Securities (USA) LLC
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$8,000,000
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Total
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$400,000,000
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Issuer:
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Toll Brothers Finance Corp.
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Security:
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4.350% Senior Notes due 2028
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Principal Amount:
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$400,000,000
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Net Proceeds to Issuer Before Expenses:
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$397,400,000
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Maturity:
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February 15, 2028
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Coupon:
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4.350%
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Public Offering Price:
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100.000% of the principal amount, plus accrued interest, if any, from January 22, 2018
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Yield to Maturity:
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4.350%
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Benchmark Treasury:
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UST 2.250% due November 15, 2027
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Benchmark Treasury Price:
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97-07
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Benchmark Treasury Yield:
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2.572%
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Re-offer Spread:
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177.8 bps
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Optional Redemption:
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Make-whole call at T+50 bps prior to November 15, 2027 (or, if greater, at 100% of the principal amount being redeemed), plus accrued and unpaid interest. On or after November 15, 2027, redeemable at 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to the redemption date.
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Interest Payment Dates:
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February 15 and August 15, commencing August 15, 2018 (long first interest payment)
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Trade Date:
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January 17, 2018
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Settlement:
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T+3; January 22, 2018
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Ratings*:
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CUSIP:
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88947E AT7
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ISIN:
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US88947EAT73
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Joint Active Book-Running Managers:
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Citigroup Global Markets Inc.
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Deutsche Bank Securities Inc.
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Mizuho Securities USA LLC
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SunTrust Robinson Humphrey, Inc.
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Wells Fargo Securities, LLC
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Lead Manager:
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PNC Capital Markets LLC
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Co-Managers:
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Capital One Securities, Inc.
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SMBC Nikko Securities America, Inc.
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U.S. Bancorp Investments, Inc.
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BB&T Capital Markets, a division of BB&T Securities, LLC
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BNY Mellon Capital Markets, LLC
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Citizens Capital Markets, Inc.
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Comerica Securities, Inc.
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Fifth Third Securities, Inc.
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Regions Securities LLC
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TD Securities (USA) LLC
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·
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accept for payment all Notes or portions of Notes properly tendered pursuant to the Issuer’s offer;
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·
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deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all Notes or portions of Notes properly tendered; and
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·
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deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’ Certificate stating the aggregate principal amount of Notes being purchased by the Issuer.
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No. 1
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CUSIP No.: 88947E AT7
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TOLL BROTHERS FINANCE CORP.
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By:
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Name: Martin P. Connor | |||
Title: Senior Vice President and Chief Financial Officer | |||
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By:
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Name: Gregg L. Ziegler | |||
Title: Senior Vice President and Treasurer | |||
By:
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Authorized Signatory
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● |
100% of the principal amount of the Securities being redeemed; and
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● |
the present value of the Remaining Scheduled Payments on the Securities being redeemed on the redemption date (assuming, for this purpose, that the Securities are scheduled to mature on the Par Call Date, discounted to the date of redemption, on a semiannual basis, at the Treasury Rate plus 50 basis points (0.50%).
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(Insert assignee’s social security or tax ID number)
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(Print or type assignee’s name, address, and zip code)
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Date:
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Your signature: (Sign exactly as your name appears on the
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other side of this Security)
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TOLL BROTHERS, INC.
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By:
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Name: Gregg L. Ziegler | |||
Title: Senior Vice President and Treasurer | |||
THE GUARANTORS LISTED ON SCHEDULE I, ATTACHED HERETO
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By:
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Name: Gregg L. Ziegler | |||
Title: Authorized Signatory | |||
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Attest:
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Name: Martin P. Connor | |||
Title: Senior Vice President and Assistant Secretary | |||
110-112 Third Ave. Realty Corp.
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First Brandywine LLC I
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126-142 Morgan Street Urban Renewal LLC
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First Brandywine LLC II
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134 Bay Street LLC
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First Brandywine Partners, L.P.
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1400 Hudson LLC
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First Huntingdon Finance Corp.
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1450 Washington LLC
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Frenchman’s Reserve Realty, LLC
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1451 Hudson LLC
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Goshen Road Land Company LLC
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1500 Garden St. LLC
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Greens at Waynesborough, L.P.
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700 Grove Street Urban Renewal LLC
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Hatboro Road Associates LLC
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89 Park Avenue LLC
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Hoboken Cove LLC
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Arbor Hills Development LLC
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Hoboken Land I LLC
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Arbors Porter Ranch, LLC
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Hoboken Land LP
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Ashford Land Company, L.P.
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Hockessin Chase, L.P.
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Audubon Ridge, L.P.
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HQZ Acquisitions, Inc.
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Belmont Country Club I LLC
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Jacksonville TBI Realty LLC
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Belmont Country Club II LLC
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Laurel Creek, L.P.
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Belmont Land, L.P.
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Liseter Land Company LLC
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Binks Estates Limited Partnership
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Liseter, LLC
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Block 255 LLC
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Long Meadows TBI, LLC
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Block 268 LLC
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Loudoun Valley Associates, L.P.
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Brier Creek Country Club I LLC
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Martinsburg Ventures, L.L.C.
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Brier Creek Country Club II LLC
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Mizner Realty, L.L.C.
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Broad Run Associates, L.P.
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Morgan Street JV LLC
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Byers Commercial LLC
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Naples TBI Realty, LLC
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Byers Commercial LP
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NC Country Club Estates Limited Partnership
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CC Estates Limited Partnership
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Orlando TBI Realty LLC
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Cold Spring Hunt, L.P.
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Placentia Development Company, LLC
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Coleman-Toll Limited Partnership
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Plum Canyon Master LLC
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Component Systems I LLC
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Porter Ranch Development Co.
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Component Systems II LLC
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PRD Investors, Inc.
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CWG Construction Company LLC
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PRD Investors, LLC
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Dominion Country Club, L.P.
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PT Maxwell Holdings, LLC
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Dominion III Corp.
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PT Maxwell, L.L.C.
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Dominion IV LLC
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Rancho Costera LLC
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Dominion Valley Country Club I LLC
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Regency at Denville, LLC
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Dominion Valley Country Club II LLC
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Regency at Dominion Valley LLC
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Enclave at Long Valley I LLC
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Regency at Washington I LLC
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Enclave at Long Valley II LLC
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Regency at Washington II LLC
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ESE Consultants, Inc.
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Shapell Hold Properties No. 1, LLC
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Estates at Princeton Junction, L.P.
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Shapell Homes, Inc.
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Fairfax Investment, L.P.
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Shapell Industries, Inc.
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First Brandywine Investment Corp. II
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Shapell Land Company, LLC
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First Brandywine Investment Corp. IV
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Silverman-Toll Limited Partnership
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Sorrento at Dublin Ranch I LP
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Toll CA III, L.P.
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Sorrento at Dublin Ranch III LP
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Toll CA IV, L.P.
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South Riding Amberlea LP
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Toll CA IX, L.P.
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South Riding Partners Amberlea LP
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Toll CA Note II LLC
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South Riding Partners, L.P.
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Toll CA V, L.P.
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South Riding Realty LLC
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Toll CA VI, L.P.
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South Riding, L.P.
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Toll CA VII, L.P.
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Southport Landing Limited Partnership
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Toll CA VIII, L.P.
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Springton Pointe, L.P.
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Toll CA X, L.P.
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SR Amberlea LLC
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Toll CA XI, L.P.
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SRLP II LLC
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Toll CA XII, L.P.
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Stone Mill Estates, L.P.
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Toll CA XIX, L.P.
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Swedesford Chase, L.P.
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Toll CA XX, L.P.
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Tampa TBI Realty LLC
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Toll CA, L.P.
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TB Kent Partners LLC
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Toll Cedar Hunt LLC
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TB Proprietary Corp.
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Toll Centennial Corp.
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TBI/Palm Beach Limited Partnership
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Toll CO I LLC
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The Bird Estate Limited Partnership
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Toll CO II, L.P.
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The Regency Golf Club I LLC
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Toll CO III, L.P.
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The Regency Golf Club II LLC
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Toll CO, L.P.
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The Silverman Building Companies, Inc.
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Toll Corners LLC
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Toll Architecture I, P.A.
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Toll Corp.
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Toll Architecture, Inc.
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Toll CT II Limited Partnership
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Toll at Brier Creek Limited Partnership
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Toll CT III Limited Partnership
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Toll at Westlake, L.P.
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Toll CT IV Limited Partnership
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Toll at Whippoorwill, L.P.
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Toll CT Limited Partnership
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Toll Austin TX II LLC
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Toll Dallas TX LLC
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Toll Austin TX III LLC
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Toll DE II LP
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Toll Austin TX LLC
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Toll DE LP
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Toll BBC II LLC
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Toll Diamond Corp.
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Toll BBC LLC
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Toll EB, LLC
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Toll Brooklyn L.P.
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Toll Equipment, L.L.C.
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Toll Bros. of Arizona, Inc.
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Toll Estero Limited Partnership
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Toll Bros. of North Carolina II, Inc.
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Toll FL I, LLC
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Toll Bros. of North Carolina, Inc.
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Toll FL II Limited Partnership
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Toll Bros., Inc.
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Toll FL III Limited Partnership
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Toll Bros., Inc.
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Toll FL IV Limited Partnership
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Toll Brothers AZ Construction Company
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Toll FL IV LLC
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Toll Brothers AZ Limited Partnership
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Toll FL Limited Partnership
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Toll Brothers Canada USA, Inc.
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Toll FL V Limited Partnership
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Toll Brothers Real Estate, Inc.
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Toll FL V LLC
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Toll Brothers, Inc.
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Toll FL VI Limited Partnership
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Toll CA Holdings, Inc.
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Toll FL VII Limited Partnership
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Toll CA I LLC
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Toll FL VIII Limited Partnership
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Toll CA II, L.P.
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Toll FL X Limited Partnership
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Toll CA III LLC
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Toll FL XII Limited Partnership
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Toll FL XIII Limited Partnership
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Toll MA Land II GP LLC
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Toll Ft. Myers Limited Partnership
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Toll MA Land III Limited Partnership
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Toll GA LP
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Toll MA Land Limited Partnership
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Toll Glastonbury LLC
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Toll MA Management LLC
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Toll Golden Corp.
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Toll MD AF Limited Partnership
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Toll Grove LP
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Toll MD I, L.L.C.
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Toll Henderson LLC
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Toll MD II Limited Partnership
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Toll Hoboken LLC
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Toll MD II LLC
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Toll Holdings, Inc.
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Toll MD III Limited Partnership
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Toll Houston Land LLC
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Toll MD III LLC
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Toll Houston TX LLC
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Toll MD IV Limited Partnership
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Toll Hudson LP
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Toll MD IV LLC
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Toll ID I LLC
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Toll MD IX Limited Partnership
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Toll IL HWCC, L.P.
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Toll MD Limited Partnership
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Toll IL II, L.P.
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Toll MD V Limited Partnership
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Toll IL III, L.P.
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Toll MD VI Limited Partnership
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Toll IL IV, L.P.
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Toll MD VII Limited Partnership
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Toll IL WSB, L.P.
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Toll MD VIII Limited Partnership
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Toll IL, L.P.
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Toll MD X Limited Partnership
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Toll IN LLC
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Toll MD XI Limited Partnership
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Toll Jacksonville Limited Partnership
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Toll MI II Limited Partnership
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Toll Jupiter LLC
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Toll MI III Limited Partnership
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Toll Land Corp. No. 50
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Toll MI IV Limited Partnership
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Toll Land IV Limited Partnership
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Toll MI Limited Partnership
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Toll Land IX Limited Partnership
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Toll MI V Limited Partnership
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Toll Land V Limited Partnership
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Toll MI VI Limited Partnership
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Toll Land VI Limited Partnership
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Toll MI VII Corp.
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Toll Land VII LLC
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Toll Mid-Atlantic II LLC
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Toll Land X Limited Partnership
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Toll Mid-Atlantic LP Company, Inc.
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Toll Land XI Limited Partnership
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Toll Midwest LLC
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Toll Land XIX Limited Partnership
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Toll MN II, L.P.
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Toll Land XV Limited Partnership
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Toll MN, L.P.
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Toll Land XVI Limited Partnership
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Toll Morgan Street LLC
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Toll Land XVIII Limited Partnership
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Toll Naval Associates
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Toll Land XX Limited Partnership
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Toll NC I LLC
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Toll Land XXI Limited Partnership
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Toll NC II LP
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Toll Land XXII Limited Partnership
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Toll NC III LP
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Toll Land XXIII Limited Partnership
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Toll NC IV LLC
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Toll Land XXV Limited Partnership
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Toll NC Note II LLC
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Toll Lexington LLC
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Toll NC Note LLC
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Toll MA Development LLC
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Toll NC, L.P.
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Toll MA Holdings LLC
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Toll NJ I, L.L.C.
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Toll MA I LLC
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Toll NJ II, L.L.C.
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Toll MA II LLC
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Toll NJ II, L.P.
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Toll MA III LLC
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Toll NJ III, L.P.
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Toll MA IV LLC
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Toll NJ III, LLC
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Toll NJ IV LLC
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Toll Prasada LLC
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Toll NJ IV, L.P.
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Toll Realty Holdings Corp. I
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Toll NJ VI, L.P.
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Toll Realty Holdings Corp. II
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Toll NJ VII, L.P.
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Toll Realty Holdings LP
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Toll NJ VIII, L.P.
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Toll RI II, L.P.
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Toll NJ XI, L.P.
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Toll RI, L.P.
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Toll NJ XII LP
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Toll San Antonio TX LLC
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Toll NJ, L.P.
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Toll SC II, L.P.
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Toll NJX-I Corp.
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Toll SC III, L.P.
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Toll North LV LLC
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Toll SC IV, L.P.
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Toll North Reno LLC
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Toll SC, L.P.
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Toll Northeast LP Company, Inc.
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Toll South LV LLC
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Toll Northeast II LLC
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Toll South Reno LLC
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Toll Northeast Services, Inc.
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Toll Southeast II LLC
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Toll NV GP Corp.
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Toll Southeast LP Company, Inc.
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Toll NV GP I LLC
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Toll Southwest II LLC
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Toll NV Holdings LLC
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Toll Southwest LLC
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Toll NV Limited Partnership
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Toll Sparks LLC
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Toll NY II LLC
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Toll Stonebrae LP
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Toll NY III L.P.
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Toll Stratford LLC
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Toll NY IV L.P.
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Toll SW Holding I Corp.
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Toll NY L.P.
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Toll SW Holding LLC
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Toll NY V L.P.
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Toll TX Note LLC
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Toll Orlando Limited Partnership
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Toll VA GP Corp.
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Toll PA Development LP
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Toll VA II, L.P.
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Toll PA II, L.P.
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Toll VA III, L.L.C.
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Toll PA III, L.P.
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Toll VA III, L.P.
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Toll PA IV, L.P.
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Toll VA IV, L.P.
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Toll PA IX, L.P.
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Toll VA L.L.C.
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Toll PA Management LP
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Toll VA Member Two, Inc.
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Toll PA Twin Lakes LLC
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Toll VA V, L.P.
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Toll PA V, L.P.
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Toll VA VI, L.P.
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Toll PA VI, L.P.
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Toll VA VII, L.P.
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Toll PA VIII, L.P.
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Toll VA VIII, L.P.
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Toll PA X, L.P.
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Toll VA, L.P.
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Toll PA XI, L.P.
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Toll Van Wyck, LLC
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Toll PA XII, L.P.
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Toll Vanderbilt II LLC
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Toll PA XIII, L.P.
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Toll WA GP Corp.
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Toll PA XIV, L.P.
|
Toll WA LP
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Toll PA XIX, L.P.
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Toll West Coast II LLC
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Toll PA XV, L.P.
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Toll West Coast LLC
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Toll PA XVI, L.P.
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Toll WV GP Corp.
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Toll PA XVII, L.P.
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Toll WV LP
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Toll PA XVIII, L.P.
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Toll YL II, L.P.
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Toll PA, L.P.
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Toll-Dublin, L.P.
|
Toll Port Imperial LLC
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Toll-Dublin, LLC
|
Upper K Investors, Inc.
|
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Upper K Investors, LLC
|
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Upper K-Shapell, LLC
|
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Vanderbilt Capital, LLC
|
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Virginia Construction Co. I, LLC
|
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Virginia Construction Co. II, LLC
|
Very truly yours,
|
/s/ Cravath, Swaine & Moore LLP |
134 Bay Street LLC
|
Toll Corp.
|
Ashford Land Company, L.P.
|
Toll DE II LP
|
Byers Commercial LLC
|
Toll DE LP
|
Component Systems I LLC
|
Toll Diamond Corp.
|
Component Systems II LLC
|
Toll EB, LLC
|
Dominion III Corp.
|
Toll Equipment, L.L.C.
|
Dominion IV LLC
|
Toll Golden Corp.
|
ESE Consultants, Inc.
|
Toll Hoboken LLC
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First Brandywine Investment Corp. II
|
Toll Holdings, Inc.
|
First Brandywine Investment Corp. IV
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Toll Land Corp. No. 50
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First Brandywine LLC I
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Toll MA Holdings LLC
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First Brandywine LLC II
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Toll MA Land II GP LLC
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First Brandywine Partners, L.P.
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Toll Mid-Atlantic II LLC
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First Huntingdon Finance Corp.
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Toll Mid-Atlantic LP Company, Inc.
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Hoboken Land I LLC
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Toll Midwest LLC
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Hockessin Chase, L.P.
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Toll Morgan Street LLC
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Liseter, LLC
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Toll NJX-I Corp.
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Morgan Street JV LLC
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Toll Northeast II LLC
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Plum Canyon Master LLC
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Toll Northeast LP Company, Inc.
|
PRD Investors, Inc.
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Toll Northeast Services, Inc.
|
PRD Investors, LLC
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Toll Realty Holdings Corp. I
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Rancho Costera LLC
|
Toll Realty Holdings Corp. II
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Shapell Hold Properties No. 1, LLC
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Toll Realty Holdings LP
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Shapell Homes, Inc.
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Toll Southeast II LLC
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Shapell Industries, Inc.
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Toll Southeast LP Company, Inc.
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Shapell Land Company, LLC
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Toll Southwest II LLC
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TB Kent Partners LLC
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Toll Southwest LLC
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TB Proprietary Corp.
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Toll VA GP Corp.
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Toll Architecture I, P.A.
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Toll VA LLC
|
Toll Architecture, Inc.
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Toll VA Member Two, Inc.
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Toll Bros., Inc.
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Toll West Coast II LLC
|
Toll Brothers Canada USA, Inc.
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Toll West Coast LLC
|
Toll Brothers, Inc.
|
Upper K Investors, Inc.
|
Toll CA Holdings, Inc.
|
Upper K Investors, LLC
|
Toll Centennial Corp.
|
Upper K-Shapell, LLC
|
Toll Corners LLC
|
110-112 Third Ave. Realty Corp.
|
89 Park Avenue LLC
|
Toll at Whippoorwill, L.P.
|
Toll Brooklyn L.P.
|
Toll Land V Limited Partnership
|
Toll Land VI Limited Partnership
|
Toll Land VII LLC
|
Toll Lexington LLC
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Toll NY II LLC
|
Toll NY III L.P.
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Toll NY IV L.P.
|
Toll NY L.P.
|
Toll NY V L.P.
|
Toll Van Wyck, LLC
|
Toll Bros. of Arizona, Inc.
|
Frenchman’s Reserve Realty, LLC
|
Toll Brothers AZ Construction Company
|
Jacksonville TBI Realty LLC
|
Toll Brothers AZ Limited Partnership
|
Mizner Realty, L.L.C.
|
Toll Prasada LLC
|
Naples TBI Realty, LLC
|
Arbors Porter Ranch, LLC
|
Orlando TBI Realty LLC
|
Placentia Development Company, LLC
|
Tampa TBI Realty LLC
|
Porter Ranch Development Co.
|
TBI/Palm Beach Limited Partnership
|
Sorrento at Dublin Ranch I LP
|
Toll Estero Limited Partnership
|
Sorrento at Dublin Ranch III LP
|
Toll FL I, LLC
|
Toll CA I LLC
|
Toll FL II Limited Partnership
|
Toll CA II, L.P.
|
Toll FL III Limited Partnership
|
Toll CA III LLC
|
Toll FL IV Limited Partnership
|
Toll CA III, L.P.
|
Toll FL IV LLC
|
Toll CA IV, L.P.
|
Toll FL Limited Partnership
|
Toll CA IX, L.P.
|
Toll FL V Limited Partnership
|
Toll CA Note II LLC
|
Toll FL V LLC
|
Toll CA V, L.P.
|
Toll FL VI Limited Partnership
|
Toll CA VI, L.P.
|
Toll FL VII Limited Partnership
|
Toll CA VII, L.P.
|
Toll FL VIII Limited Partnership
|
Toll CA VIII, L.P.
|
Toll FL X Limited Partnership
|
Toll CA X, L.P.
|
Toll FL XII Limited Partnership
|
Toll CA XI, L.P.
|
Toll FL XIII Limited Partnership
|
Toll CA XII, L.P.
|
Toll Ft. Myers Limited Partnership
|
Toll CA XIX, L.P.
|
Toll Jacksonville Limited Partnership
|
Toll CA XX, L.P.
|
Toll Jupiter LLC
|
Toll CA, L.P.
|
Toll Orlando Limited Partnership
|
Toll Land XIX Limited Partnership
|
Toll GA LP
|
Toll Land XX Limited Partnership
|
Toll ID I LLC
|
Toll Land XXII Limited Partnership
|
Toll IL HWCC, L.P.
|
Toll Land XXIII Limited Partnership
|
Toll IL II, L.P.
|
Toll Stonebrae LP
|
Toll IL III, L.P.
|
Toll YL II, L.P.
|
Toll IL IV, L.P.
|
Toll-Dublin, L.P.
|
Toll IL WSB, L.P.
|
Toll-Dublin, LLC
|
Toll IL, L.P.
|
Toll CO I LLC
|
Toll IN LLC
|
Toll CO II, L.P.
|
CC Estates Limited Partnership
|
Toll CO III, L.P.
|
The Bird Estate Limited Partnership
|
Toll CO, L.P.
|
Toll MA Development LLC
|
Southport Landing Limited Partnership
|
Toll MA I LLC
|
Toll CT II Limited Partnership
|
Toll MA II LLC
|
Toll CT III Limited Partnership
|
Toll MA III LLC
|
Toll CT IV Limited Partnership
|
Toll MA IV LLC
|
Toll CT Limited Partnership
|
Toll MA Land III Limited Partnership
|
Toll Glastonbury LLC
|
Toll MA Land Limited Partnership
|
Toll Land XVIII Limited Partnership
|
Toll MA Management LLC
|
Binks Estates Limited Partnership
|
Long Meadows TBI, LLC
|
Toll MD AF Limited Partnership
|
Block 255 LLC
|
Toll MD I, L.L.C.
|
Block 268 LLC
|
Toll MD II Limited Partnership
|
CWG Construction Company LLC
|
Toll MD II LLC
|
Enclave at Long Valley I LLC
|
Toll MD III Limited Partnership
|
Enclave at Long Valley II LLC
|
Toll MD III LLC
|
Estates at Princeton Junction, L.P.
|
Toll MD IV Limited Partnership
|
Hoboken Cove LLC
|
Toll MD IV LLC
|
Hoboken Land LP
|
Toll MD IX Limited Partnership
|
Laurel Creek, L.P.
|
Toll MD Limited Partnership
|
PT Maxwell Holdings, LLC
|
Toll MD V Limited Partnership
|
PT Maxwell, L.L.C.
|
Toll MD VI Limited Partnership
|
Regency at Denville, LLC
|
Toll MD VII Limited Partnership
|
Regency at Washington I LLC
|
Toll MD VIII Limited Partnership
|
Regency at Washington II LLC
|
Toll MD X Limited Partnership
|
Toll at Westlake, L.P.
|
Toll MD XI Limited Partnership
|
Toll Grove LP
|
Arbor Hills Development LLC
|
Toll Hudson LP
|
HQZ Acquisitions, Inc.
|
Toll Land IV Limited Partnership
|
Silverman-Toll Limited Partnership
|
Toll Land XI Limited Partnership
|
The Silverman Building Companies, Inc.
|
Toll Land XVI Limited Partnership
|
Toll MI II Limited Partnership
|
Toll Land XXV Limited Partnership
|
Toll MI III Limited Partnership
|
Toll NJ I, L.L.C.
|
Toll MI IV Limited Partnership
|
Toll NJ II, L.L.C.
|
Toll MI Limited Partnership
|
Toll NJ II, L.P.
|
Toll MI V Limited Partnership
|
Toll NJ III, L.P.
|
Toll MI VI Limited Partnership
|
Toll NJ III, LLC
|
Toll MI VII Corp.
|
Toll NJ IV LLC
|
Toll MN II, L.P.
|
Toll NJ IV, L.P.
|
Toll MN, L.P.
|
Toll NJ VI, L.P.
|
Brier Creek Country Club I LLC
|
Toll NJ VII, L.P.
|
Brier Creek Country Club II LLC
|
Toll NJ VIII, L.P.
|
NC Country Club Estates Limited Partnership
|
Toll NJ XI, L.P.
|
Toll at Brier Creek Limited Partnership
|
Toll NJ XII LP
|
Toll Bros. of North Carolina II, Inc.
|
Toll NJ, L.P.
|
Toll Bros. of North Carolina, Inc.
|
Toll Port Imperial LLC
|
Toll NC I LLC
|
Coleman-Toll Limited Partnership
|
Toll NC II LP
|
Toll Henderson LLC
|
Toll NC III LP
|
Toll North LV LLC
|
Toll NC IV LLC
|
Toll North Reno LLC
|
Toll NC Note II LLC
|
Toll NV GP Corp.
|
Toll NC Note LLC
|
Toll NV GP I LLC
|
Toll NC, L.P.
|
Toll NV Holdings LLC
|
126-142 Morgan Street Urban Renewal LLC
|
Toll NV Limited Partnership
|
1400 Hudson LLC
|
Toll South LV LLC
|
1450 Washington LLC
|
Toll South Reno LLC
|
1451 Hudson LLC
|
Toll Sparks LLC
|
1500 Garden St. LLC
|
Toll SW Holding I Corp.
|
700 Grove Street Urban Renewal LLC
|
Toll SW Holding LLC
|
Audubon Ridge, L.P.
|
Toll Dallas TX LLC
|
Broad Run Associates, L.P.
|
Toll Houston Land LLC
|
Byers Commercial LP
|
Toll Houston TX LLC
|
Cold Spring Hunt, L.P.
|
Toll San Antonio TX LLC
|
Goshen Road Land Company LLC
|
Toll TX Note LLC
|
Greens at Waynesborough, L.P.
|
Belmont Country Club I LLC
|
Hatboro Road Associates LLC
|
Belmont Country Club II LLC
|
Liseter Land Company LLC
|
Belmont Land, L.P.
|
Springton Pointe, L.P.
|
Dominion Country Club, L.P.
|
Stone Mill Estates, L.P.
|
Dominion Valley Country Club I LLC
|
Swedesford Chase, L.P.
|
Dominion Valley Country Club II LLC
|
Toll Bros., Inc.
|
Fairfax Investment, L.P.
|
Toll Brothers Real Estate, Inc.
|
Loudoun Valley Associates, L.P.
|
Toll Naval Associates
|
Martinsburg Ventures, L.L.C.
|
Toll PA Development LP
|
Regency at Dominion Valley LLC
|
Toll PA II, L.P.
|
South Riding Amberlea LP
|
Toll PA III, L.P.
|
South Riding Partners Amberlea LP
|
Toll PA IV, L.P.
|
South Riding Partners, L.P.
|
Toll PA IX, L.P.
|
South Riding Realty LLC
|
Toll PA Management LP
|
South Riding, L.P.
|
Toll PA Twin Lakes LLC
|
SR Amberlea LLC
|
Toll PA V, L.P.
|
SRLP II LLC
|
Toll PA VI, L.P.
|
The Regency Golf Club I LLC
|
Toll PA VIII, L.P.
|
The Regency Golf Club II LLC
|
Toll PA X, L.P.
|
Toll Cedar Hunt LLC
|
Toll PA XI, L.P.
|
Toll Land IX Limited Partnership
|
Toll PA XII, L.P.
|
Toll Land X Limited Partnership
|
Toll PA XIII, L.P.
|
Toll Land XV Limited Partnership
|
Toll PA XIV, L.P.
|
Toll Land XXI Limited Partnership
|
Toll PA XIX, L.P.
|
Toll Stratford LLC
|
Toll PA XV, L.P.
|
Toll VA II, L.P.
|
Toll PA XVI, L.P.
|
Toll VA III, L.L.C.
|
Toll PA XVII, L.P.
|
Toll VA III, L.P.
|
Toll PA XVIII, L.P.
|
Toll VA IV, L.P.
|
Toll PA, L.P.
|
Toll VA V, L.P.
|
Toll RI II, L.P.
|
Toll VA VI, L.P.
|
Toll RI, L.P.
|
Toll VA VII, L.P.
|
Toll Vanderbilt II LLC
|
Toll VA VIII, L.P.
|
Vanderbilt Capital, LLC
|
Toll VA, L.P.
|
Toll SC II, L.P.
|
Virginia Construction Co. I, LLC
|
Toll SC III, L.P.
|
Virginia Construction Co. II, LLC
|
Toll SC IV, L.P.
|
Toll WA GP Corp.
|
Toll SC, L.P.
|
Toll WA LP
|
Toll Austin TX II LLC
|
Toll WV GP Corp.
|
Toll Austin TX III LLC
|
Toll WV LP
|
Toll Austin TX LLC
|
|
Toll BBC II LLC
|
|
Toll BBC LLC
|
Very truly yours, | ||
/s/ John McDonald | ||
John McDonald | ||
Senior Vice President, Chief Compliance Officer and General Counsel | ||
110-112 Third Ave. Realty Corp.
|
First Huntingdon Finance Corp.
|
126- 142 Morgan Street Urban Renewal LLC
|
Frenchman’s Reserve Realty, LLC
|
134 Bay Street LLC
|
Goshen Road Land Company LLC
|
1400 Hudson LLC
|
Greens at Waynesborough, L.P.
|
1450 Washington LLC
|
Hatboro Road Associates LLC
|
1451 Hudson LLC
|
Hoboken Cove LLC
|
1500 Garden St. LLC
|
Hoboken Land I LLC
|
700 Grove Street Urban Renewal LLC
|
Hoboken Land LP
|
89 Park Avenue LLC
|
Hockessin Chase, L.P.
|
Arbor Hills Development LLC
|
HQZ Acquisitions, Inc.
|
Arbors Porter Ranch, LLC
|
Jacksonville TBI Realty LLC
|
Ashford Land Company, L.P.
|
Laurel Creek, L.P.
|
Audubon Ridge, L.P.
|
Liseter Land Company LLC
|
Belmont Country Club I LLC
|
Liseter, LLC
|
Belmont Country Club II LLC
|
Long Meadows TBI, LLC
|
Belmont Land, L.P.
|
Loudoun Valley Associates, L.P.
|
Binks Estates Limited Partnership
|
Martinsburg Ventures, L.L.C.
|
Block 255 LLC
|
Mizner Realty, L.L.C.
|
Block 268 LLC
|
Morgan Street JV LLC
|
Brier Creek Country Club I LLC
|
Naples TBI Realty, LLC
|
Brier Creek Country Club II LLC
|
NC Country Club Estates Limited
|
Broad Run Associates, L.P.
|
Partnership
|
Byers Commercial LLC
|
Orlando TBI Realty LLC
|
Byers Commercial LP
|
Placentia Development Company, LLC
|
CC Estates Limited Partnership
|
Plum Canyon Master LLC
|
Cold Spring Hunt, L.P.
|
Porter Ranch Development Co.
|
Coleman-Toll Limited Partnership
|
PRD Investors, Inc.
|
Component Systems I LLC
|
PRD Investors, LLC
|
Component Systems II LLC
|
PT Maxwell Holdings, LLC
|
CWG Construction Company LLC
|
PT Maxwell, L.L.C.
|
Dominion Country Club, L.P.
|
Rancho Costera LLC
|
Dominion III Corp.
|
Regency at Denville, LLC
|
Dominion IV LLC
|
Regency at Dominion Valley LLC
|
Dominion Valley Country Club I LLC
|
Regency at Washington I LLC
|
Dominion Valley Country Club II LLC
|
Regency at Washington II LLC
|
Enclave at Long Valley I LLC
|
Shapell Hold Properties No. 1, LLC
|
Enclave at Long Valley II LLC
|
Shapell Homes, Inc.
|
ESE Consultants, Inc.
|
Shapell Industries, Inc.
|
Estates at Princeton Junction, L.P.
|
Shapell Land Company, LLC
|
Fairfax Investment, L.P.
|
Silverman-Toll Limited Partnership
|
First Brandywine Investment Corp. II
|
Sorrento at Dublin Ranch I LP
|
First Brandywine Investment Corp. IV
|
Sorrento at Dublin Ranch III LP
|
First Brandywine LLC I
|
South Riding Amberlea LP
|
First Brandywine LLC II
|
South Riding Partners Amberlea LP
|
First Brandywine Partners, L.P.
|
South Riding Partners, L.P.
|
South Riding Realty LLC
|
Toll CA VII, L.P.
|
South Riding, L.P.
|
Toll CA VIII, L.P.
|
Southport Landing Limited Partnership
|
Toll CA X, L.P.
|
Springton Pointe, L.P.
|
Toll CA XI, L.P.
|
SR Amberlea LLC
|
Toll CA XII, L.P.
|
SRLP II LLC
|
Toll CA XIX, L.P.
|
Stone Mill Estates, L.P.
|
Toll CA XX, L.P.
|
Swedesford Chase, L.P.
|
Toll CA, L.P.
|
Tampa TBI Realty LLC
|
Toll Cedar Hunt LLC
|
TB Kent Partners LLC
|
Toll Centennial Corp.
|
TB Proprietary Corp.
|
Toll CO I LLC
|
TBI/Palm Beach Limited Partnership
|
Toll CO II, L.P.
|
The Bird Estate Limited Partnership
|
Toll CO III, L.P.
|
The Regency Golf Club I LLC
|
Toll CO, L.P.
|
The Regency Golf Club II LLC
|
Toll Corners LLC
|
The Silverman Building Companies, Inc.
|
Toll Corp.
|
Toll Architecture I, P.A.
|
Toll CT II Limited Partnership
|
Toll Architecture, Inc.
|
Toll CT III Limited Partnership
|
Toll at Brier Creek Limited Partnership
|
Toll CT IV Limited Partnership
|
Toll at Westlake, L.P.
|
Toll CT Limited Partnership
|
Toll at Whippoorwill, L.P.
|
Toll Dallas TX LLC
|
Toll Austin TX II LLC
|
Toll DE II LP
|
Toll Austin TX III LLC
|
Toll DE LP
|
Toll Austin TX LLC
|
Toll Diamond Corp.
|
Toll BBC II LLC
|
Toll EB, LLC
|
Toll BBC LLC
|
Toll Equipment, L.L.C.
|
Toll Brooklyn L.P.
|
Toll Estero Limited Partnership
|
Toll Bros. of Arizona, Inc.
|
Toll FL I, LLC
|
Toll Bros. of North Carolina II, Inc.
|
Toll FL II Limited Partnership
|
Toll Bros. of North Carolina, Inc.
|
Toll FL III Limited Partnership
|
Toll Bros., Inc.
|
Toll FL IV Limited Partnership
|
Toll Bros., Inc.
|
Toll FL IV LLC
|
Toll Brothers AZ Construction Company
|
Toll FL Limited Partnership
|
Toll Brothers AZ Limited Partnership
|
Toll FL V Limited Partnership
|
Toll Brothers Canada USA, Inc.
|
Toll FL V LLC
|
Toll Brothers Real Estate, Inc.
|
Toll FL VI Limited Partnership
|
Toll CA Holdings, Inc.
|
Toll FL VII Limited Partnership
|
Toll CA I LLC
|
Toll FL VIII Limited Partnership
|
Toll CA II, L.P.
|
Toll FL X Limited Partnership
|
Toll CA III LLC
|
Toll FL XII Limited Partnership
|
Toll CA III, L.P.
|
Toll FL XIII Limited Partnership
|
Toll CA IV, L.P.
|
Toll Ft. Myers Limited Partnership
|
Toll CA IX, L.P.
|
Toll GA LP
|
Toll CA Note II LLC
|
Toll Glastonbury LLC
|
Toll CA V, L.P.
|
Toll Golden Corp.
|
Toll CA VI, L.P.
|
Toll Grove LP
|
Toll Henderson LLC
|
Toll MD II Limited Partnership
|
Toll Hoboken LLC
|
Toll MD II LLC
|
Toll Holdings, Inc.
|
Toll MD III Limited Partnership
|
Toll Houston Land LLC
|
Toll MD III LLC
|
Toll Houston TX LLC
|
Toll MD IV Limited Partnership
|
Toll Hudson LP
|
Toll MD IV LLC
|
Toll ID I LLC
|
Toll MD IX Limited Partnership
|
Toll IL HWCC, L.P.
|
Toll MD Limited Partnership
|
Toll IL II, L.P.
|
Toll MD V Limited Partnership
|
Toll IL III, L.P.
|
Toll MD VI Limited Partnership
|
Toll IL IV, L.P.
|
Toll MD VII Limited Partnership
|
Toll IL WSB, L.P.
|
Toll MD VIII Limited Partnership
|
Toll IL, L.P.
|
Toll MD X Limited Partnership
|
Toll IN LLC
|
Toll MD XI Limited Partnership
|
Toll Jacksonville Limited Partnership
|
Toll MI II Limited Partnership
|
Toll Jupiter LLC
|
Toll MI III Limited Partnership
|
Toll Land Corp. No. 50
|
Toll MI IV Limited Partnership
|
Toll Land IV Limited Partnership
|
Toll MI Limited Partnership
|
Toll Land IX Limited Partnership
|
Toll MI V Limited Partnership
|
Toll Land V Limited Partnership
|
Toll MI VI Limited Partnership
|
Toll Land VI Limited Partnership
|
Toll MI VII Corp.
|
Toll Land VII LLC
|
Toll Mid-Atlantic II LLC
|
Toll Land X Limited Partnership
|
Toll Mid-Atlantic LP Company, Inc.
|
Toll Land XI Limited Partnership
|
Toll Midwest LLC
|
Toll Land XIX Limited Partnership
|
Toll MN II, L.P.
|
Toll Land XV Limited Partnership
|
Toll MN, L.P.
|
Toll Land XVI Limited Partnership
|
Toll Morgan Street LLC
|
Toll Land XVIII Limited Partnership
|
Toll Naval Associates
|
Toll Land XX Limited Partnership
|
Toll NC I LLC
|
Toll Land XXI Limited Partnership
|
Toll NC II LP
|
Toll Land XXII Limited Partnership
|
Toll NC III LP
|
Toll Land XXIII Limited Partnership
|
Toll NC IV LLC
|
Toll Land XXV Limited Partnership
|
Toll NC Note II LLC
|
Toll Lexington LLC
|
Toll NC Note LLC
|
Toll MA Development LLC
|
Toll NC, L.P.
|
Toll MA Holdings LLC
|
Toll NJ I, L.L.C.
|
Toll MA I LLC
|
Toll NJ II, L.L.C.
|
Toll MA II LLC
|
Toll NJ II, L.P.
|
Toll MA III LLC
|
Toll NJ III, L.P.
|
Toll MA IV LLC
|
Toll NJ III, LLC
|
Toll MA Land II GP LLC
|
Toll NJ IV LLC
|
Toll MA Land III Limited Partnership
|
Toll NJ IV, L.P.
|
Toll MA Land Limited Partnership
|
Toll NJ VI, L.P.
|
Toll MA Management LLC
|
Toll NJ VII, L.P.
|
Toll MD AF Limited Partnership
|
Toll NJ VIII, L.P.
|
Toll MD I, L.L.C.
|
Toll NJ XI, L.P.
|
Toll NJ XII LP
|
Toll San Antonio TX LLC
|
Toll NJ, L.P.
|
Toll SC II, L.P.
|
Toll NJX-I Corp.
|
Toll SC III, L.P.
|
Toll North LV LLC
|
Toll SC IV, L.P.
|
Toll North Reno LLC
|
Toll SC, L.P.
|
Toll Northeast II LLC
|
Toll South LV LLC
|
Toll Northeast LP Company, Inc.
|
Toll South Reno LLC
|
Toll Northeast Services, Inc.
|
Toll Southeast II LLC
|
Toll NV GP Corp.
|
Toll Southeast LP Company, Inc.
|
Toll NV GP I LLC
|
Toll Southwest II LLC
|
Toll NV Holdings LLC
|
Toll Southwest LLC
|
Toll NV Limited Partnership
|
Toll Sparks LLC
|
Toll NY II LLC
|
Toll Stonebrae LP
|
Toll NY III L.P.
|
Toll Stratford LLC
|
Toll NY IV L.P.
|
Toll SW Holding I Corp.
|
Toll NY L.P.
|
Toll SW Holding LLC
|
Toll NY V L.P.
|
Toll TX Note LLC
|
Toll Orlando Limited Partnership
|
Toll VA GP Corp.
|
Toll PA Development LP
|
Toll VA II, L.P.
|
Toll PA II, L.P.
|
Toll VA III, L.L.C.
|
Toll PA III, L.P.
|
Toll VA III, L.P.
|
Toll PA IV, L.P.
|
Toll VA IV, L.P.
|
Toll PA IX, L.P.
|
Toll VA LLC
|
Toll PA Management LP
|
Toll VA Member Two, Inc.
|
Toll PA Twin Lakes LLC
|
Toll VA V, L.P.
|
Toll PA V, L.P.
|
Toll VA VI, L.P.
|
Toll PA VI, L.P.
|
Toll VA VII, L.P.
|
Toll PA VIII, L.P.
|
Toll VA VIII, L.P.
|
Toll PA X, L.P.
|
Toll VA, L.P.
|
Toll PA XI, L.P.
|
Toll Van Wyck, LLC
|
Toll PA XII, L.P.
|
Toll Vanderbilt II LLC
|
Toll PA XIII, L.P.
|
Toll WA GP Corp.
|
Toll PA XIV, L.P.
|
Toll WA LP
|
Toll PA XIX, L.P.
|
Toll West Coast II LLC
|
Toll PA XV, L.P.
|
Toll West Coast LLC
|
Toll PA XVI, L.P.
|
Toll WV GP Corp.
|
Toll PA XVII, L.P.
|
Toll WV LP
|
Toll PA XVIII, L.P.
|
Toll YL II, L.P.
|
Toll PA, L.P.
|
Toll-Dublin, L.P.
|
Toll Port Imperial LLC
|
Toll-Dublin, LLC
|
Toll Prasada LLC
|
Upper K Investors, Inc.
|
Toll Realty Holdings Corp. I
|
Upper K Investors, LLC
|
Toll Realty Holdings Corp. II
|
Upper K-Shapell, LLC
|
Toll Realty Holdings LP
|
Vanderbilt Capital, LLC
|
Toll RI II, L.P.
|
Virginia Construction Co. I, LLC
|
Toll RI, L.P.
|
Virginia Construction Co. II, LLC
|