NEW YORK, March 23, 2016 /PRNewswire/ --
iStar (NYSE: STAR) announced today that it has agreed to sell at par $275 million aggregate principal amount of its 6.50% Senior Unsecured Notes due July 2021. The Company intends to use the net proceeds of the offering primarily to repay in full its Senior Unsecured Notes due July 2016.
J.P. Morgan, Barclays, BofA Merrill Lynch and Wells Fargo Securities 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:
383 Madison Avenue, 3rd Floor
New York, New York 10179
Attention: Syndicate Desk
1-800-245-8812 (toll free)
BofA Merrill Lynch
New York, New York 10038
Attn: Prospectus Department
1-800-294-1322 (toll free)
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
1-888-603-5847 (toll free)
Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Ave S, Suite 1000
Minneapolis, MN 55402
1-800-645-3751, Option 5 (toll free)
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