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Astoria Financial Corporation Prices $250 Million, 5.00% Senior Notes Offering

Stocks in this article: AF









LAKE SUCCESS, N.Y., June 14, 2012 /PRNewswire/ -- Astoria Financial Corporation (NYSE: AF) (" Astoria", the "Company"), the holding company for Astoria Federal Savings and Loan Association ("Astoria Federal"), today priced an underwritten public offering of $250 million of 5.00% Senior Notes due June 19, 2017.  The Company expects to use the net proceeds from the offering to repay its 5.75% Senior Notes due 2012.



Jefferies & Company, Inc. and Sandler O'Neill + Partners, L.P. are acting as joint book-running managers for the offering.  Barclays Capital Inc., Evercore Partners and RBC Capital Markets, LLC are acting as co-managers.  Arnold & Porter LLP served as outside legal counsel to the Company.  Hogan Lovells US LLP served as outside legal counsel to the underwriters.

This document shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there by any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful.  The Company is conducting the offering pursuant to an effective Registration Statement on Form S-3 (File No. 333-182041) under the Securities Act of 1933, as amended.  The senior notes offering is being made solely by means of a separate prospectus supplement and accompanying prospectus.  Prospective investors should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents that the Company has filed with the Securities and Exchange Commission (the "SEC") for more complete information about the Company and the offering.  Investors may obtain these documents without charge by visiting the SEC website at www.sec.gov.  Alternatively, copies of the preliminary prospectus supplement and the prospectus relating to the offering may be obtained from Jefferies & Company, Inc., 520 Madison Avenue, New York, NY 10022, (201) 761-7610 or Sandler O'Neill + Partners, L.P., 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, (866) 805-4128.



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