Sept 10 (Reuters) - Standard Pacific Escrow LLC, a unit of
Standard Pacific Corp, 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
Keywords: STANDARDPACIFICESCROW DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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
Keywords: STANDARDPACIFICESCROW DEBT/NOTES (New Issue by Thomson Reuters; +1-646-223-6886 e-mail: uscorpbonds@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.