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TOLL BROTHERS ANNOUNCES NEW THREE-YEAR CREDIT LINE TO OCTOBER 1996

 HUNTINGDON VALLEY, Pa., Nov. 15 /PRNewswire/ -- Toll Brothers, Inc. (NYSE: TOL), a builder of luxury homes in the Northeast and Mid-Atlantic regions, today announced the signing of a new $150 million revolving credit agreement which has an initial term of three years.
 The $150 million facility has PNC Bank, National Association as agent, and includes as additional co-lenders CoreStates Bank, N.A., Meridian Bank, NBD Bank, N.A., NationsBank, Bank Hapoalim B.M., Kleinwort Benson Limited, Mellon Bank and The Fuji Bank Limited.
 Joel H. Rassman, the company's senior vice president and chief financial officer, stated, "We are pleased that our banks have demonstrated their confidence in Toll Brothers. Our continuing ability to access capital provides us with a competitive advantage in our industry."
 /delval/
 -0- 11/15/93
 /CONTACT: Joseph R. Sicree, director of investor relations of Toll Brothers, 215-938-8045/
 (TOL)


CO: Toll Brothers, Inc. ST: Pennsylvania IN: CST SU:

MK -- PH018 -- 4344 11/15/93 11:08 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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