IRVINE, Calif., Aug. 1, 2013 /PRNewswire/ -- Standard Pacific Corp. (NYSE: SPF) today announced the proposed public offering by the Company of $250 million aggregate principal amount of senior notes. Citigroup Global Markets Inc. and Credit Suisse Securities ( USA) LLC are acting as joint book-running managers for the proposed notes offering.
The interest rate, maturity date and other terms of the notes will be determined at the time of pricing of the offering by the Company and the underwriters. The notes will be guaranteed on a senior unsecured basis by the Company's subsidiaries that guarantee the Company's outstanding notes.
The Company intends to use the net proceeds of the notes offering for general corporate purposes, including land acquisition and development, home construction, and other related purposes.
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 the Company and the proposed offering. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. When available, copies of the prospectus supplement and related base prospectus related to this offering may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: 800-831-9146).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.