(Source: PrimeNewswire)HORSHAM, Pa., Oct. 28, 2009 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), today announced that Toll Corp., its wholly-owned subsidiary, is calling for redemption on December 1, 2009 all of the remaining $47.872 million outstanding principal amount of its 8.25% Senior Subordinated Notes due December 2011 (the "December 2011 notes") at a cash redemption price of 100.00% of the principal amount plus accrued and unpaid interest.

The formal redemption notice required by the indenture has been sent to the trustee. The redemption of the December 2011 notes and the payment of the redemption price will be in accordance with the terms specified in the redemption notice and the redemption procedures of the trustee.

Toll Brothers, Inc. is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL".