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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Elroy Jetson who wrote (49061)	3/31/2006 4:35:36 PM
From: mishedlo	of 116555

Toll Brothers Announces $1.8 Billion Bank Credit Facility Friday March 31, 11:24 am ET HORSHAM, Pa., March 31, 2006 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL - News), the nation's leading builder of luxury homes, today announced the expansion and extension of its bank credit facility. The $1.8 billion unsecured facility, which matures in 2011 and replaces the Company's existing $1.2 billion revolving credit facility, is comprised of a $1.5 billion revolving credit facility and a $300 million term loan. The credit facility has an accordion feature under which it can increase to a maximum of $2.7 billion, subject to the availability of additional bank commitments. biz.yahoo.com

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