Standard Pacific to Sell $650M Debt

IRVINE, CA-Standard Pacific Corp., a homebuilder located in Irvine, CA, has announced plans to trade a $650-million debt to settle existing mortgages and bonds.

By GlobeSt News Hub | December 12, 2010 at 01:01 AM

IRVINE, CA-Standard Pacific Corp., a homebuilder located in Irvine, CA, has announced plans to trade a $650-million debt to settle existing mortgages and bonds.

The proposal is an element of the financial restructuring happening at Standard Pacific, which is the biggest homebuilder in the Orange County region. A $530-million funding deal with MatlinPatterson Global Advisers LLC in 2008 saved the homebuilder from bankruptcy. For the full story, go to Orange County Business Journal.

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