HUNTINGDON VALLEY, Pa., June 10, 2004 (PRIMEZONE) -- Toll Brothers, Inc. (NYSE:TOL) today announced that the exchange offer for the outstanding 4.95% Senior Notes due 2014 in the aggregate principal amount of $300,000,000, issued by its wholly-owned subsidiary, Toll Brothers Finance Corp., has been extended until 5:00 p.m., New York City time, on June 14, 2004. The extension of the exchange offer will allow holders of the notes additional time to tender their notes for exchange.
Toll Brothers Finance Corp.'s exchange offer was scheduled to expire at 5:00 p.m., New York City time, on June 10, 2004. The exchange agent for the offer, J.P. Morgan Trust Company, N.A., has advised Toll Brothers, Inc. that approximately $293,930,000 in aggregate principal amount of the outstanding 4.95% Senior Notes due 2014 had been tendered as of 5:00 p.m., New York City time on Thursday, June 10, 2004.