NEW YORK, March 23, 2016 /PRNewswire/ -- iStar (NYSE: STAR) announced today that it has launched an offering, subject to market and other conditions, of $250 million aggregate principal amount of Senior Unsecured Notes due 2021. The Company intends to use the net proceeds of the offering, together with cash on hand, to repay in full its 3.875% Senior Unsecured Notes due July 2016.
J.P. Morgan, BofA Merrill Lynch, Barclays 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:
J.P. Morgan 383 Madison Avenue, 3rd Floor New York, New York 10179 Attention: Syndicate Desk hy_syndicate@restricted.chase.com 1-800-245-8812 (toll free) | BofA Merrill Lynch 222 Broadway New York, New York 10038 Attn: Prospectus Department dg.prospectus_requests@baml.com 1-800-294-1322 (toll free) | |
Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717 barclaysprospectus@broadridge.com 1-888-603-5847 (toll free) | Wells Fargo Securities, LLC Attn: WFS Customer Service 608 2nd Ave S, Suite 1000 Minneapolis, MN 55402 wfscustomerservice@wellsfargo.com 1-800-645-3751, Option 5 (toll free) |
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SOURCE iStar Inc.