Toll calls 8 1/8% notes

New York, March 16 - Toll Brothers Inc. said it will redeem all of Toll Corp.'s 8 1/8% senior subordinated notes due 2009 on April 15.

The Huntingdon Valley, Pa., homebuilder will pay 104.063% of par plus accrued interest.

There are $170 million of the notes outstanding.

Toll will fund the offering with part of the proceeds of its recent sale of $300 million 4.95% senior notes due 2014. Remaining proceeds will be used for general corporate purposes including working capital.

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