iStar Financial to sell $150 million five-year notes via Deutsche Bank

By Paul A. Harris

St. Louis, March 4 - The roadshow is set to begin mid-week on iStar Financial Inc.'s offering of $150 million senior notes due March 2008, according to a market source.

The offering is expected to price during the week of March 10, the source added.

Deutsche Bank Securities Inc. is the bookrunner.

The notes will contain a make-whole call.

Proceeds will be used to repay debt and for general corporate purposes.

The New York City-based issuer is a publicly traded finance company focused on the commercial real estate industry.

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