NEW YORK, May 7, 2013 /PRNewswire/ -- iStar Financial Inc. (NYSE: SFI) announced today that it has launched an offering, subject to market and other conditions, of $250 million of unsecured Senior Notes due July 2016. The Company intends to use the net proceeds of the offering to redeem its $97 million aggregate principal amount of 8.625% unsecured Senior Notes due June 2013 and the remainder of the net proceeds to redeem a portion of its 5.95% unsecured Senior Notes due October 2013. BofA Merrill Lynch, Barclays and J.P. Morgan are the joint book-running managers for the offering. The notes will be issued pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the offered notes, nor shall there be any sale of the notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. The notes will be offered by means of the preliminary prospectus supplement and accompanying prospectus for the offering. Electronic copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained for free by searching the SEC online database (EDGAR) on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained by contacting the joint book-running managers at the following addresses or telephone numbers: BofA Merrill Lynch 222 Broadway New York, New York 10038Attn: Prospectus Department firstname.lastname@example.org Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, New York 11717 email@example.com 1-888-603-5847 (toll free) J.P. Morgan 383 Madison Avenue, 3rd Floor New York, New York 10179 Attention: Syndicate Desk1-800-245-8812 (toll free) SOURCE iStar Financial Inc.