IRVINE, CA-Standard Pacific Corp., a homebuilder located inIrvine, CA, has announced plans to trade a $650-million debt tosettle existing mortgages and bonds.
The proposal is an element of the financial restructuringhappening at Standard Pacific, which is the biggest homebuilder inthe Orange County region. A $530-million funding deal withMatlinPatterson Global Advisers LLC in 2008 saved the homebuilderfrom bankruptcy. For the full story, go to Orange County Business Journal.
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