Standard Pacific To Sell $200M In Notes Privately
Stock quotes in this article:
SPF
IRVINE, Calif. (AP) — Standard Pacific Corp. said Wednesday its Standard Pacific Escrow LLC subsidiary plans to sell $200 million aggregate principal amount of senior notes due 2016 in a private offering.
The homebuilder said proceeds initially will be held in escrow and pending their release will use the net amount to buy back certain outstanding notes through tender offers and for the redemption or repurchase of other outstanding debt. Shares of Standard Pacific slid a penny to close at $3.52.- Loading Comments...
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