IRVINE, Calif., May 14, 2013 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced the proposed public offering by selling stockholder MP CA Homes LLC, an affiliate of MatlinPatterson Global Advisers LLC, of 20,000,000 of its 237,212,786 shares (on an as converted basis) of the Company's common stock. The selling stockholder also expects to grant the underwriters of the proposed common stock offering an option to purchase up to an additional 3,000,000 shares of the Company's common stock solely to cover over-allotments. Credit Suisse Securities ( USA) LLC will act as book-running manager for the proposed common stock offering. The Company will not sell any shares in the proposed common stock offering, and will not receive any of the proceeds from the sale by MP CA Homes LLC.
The Company has an effective registration statement (including a prospectus) on file with the Securities and Exchange Commission (the "SEC") and will file a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed and will file with the SEC for more complete information about Standard Pacific and the proposed offering by MP CA Homes LLC. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, copies may be obtained from Credit Suisse Securities ( USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, e-mail: email@example.com or toll free at (800) 221-1037.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
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