Standard Pacific to Offer Debt Securities
Dow Jones
Irvine home builder Standard Pacific Corp. said Tuesday that it plans to sell $125 million in debt securities under an existing registration statement filed with federal regulators.
The company said in a press release that it will use proceeds from the offering to retire debt under its revolving credit facility.
Separately, Standard Pacific said that new home orders in August rose to 355 from 351 compared to the same month a year earlier. For California alone, however, new home orders dropped to 235 from 255 for the same period.
The company operates in California, Texas, Arizona and Colorado.
