Sept 10 Standard Pacific Escrow LLC, a unit of
Standard Pacific Corp SPF.N, on Thursday sold $280 million of
senior notes in the 144a private placement market, said IFR, a
Thomson Reuters service.
The size of the deal was increased from an originally
planned $200 million.
Citigroup was the sole bookrunning manager for the sale.
BORROWER: STANDARD PACIFIC ESCROW LLC
AMT $280 MLN (FACE) COUPON 10.75 PCT MATURITY 9/15/2016
TYPE SNR NOTES ISS PRICE 91.997 FIRST PAY 3/15/2010
MOODY'S Caa1 YIELD 12.50 PCT SETTLEMENT 9/17/2009
S&P CCC SPREAD 955 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 75 BPS