Astoria Financial to price $200 million of three-year senior notes

By Cristal Cody

Tupelo, Miss., June 5 – Astoria Financial Corp. is offering $200 million of senior notes due 2020, according to a 424B2 filing with the Securities and Exchange Commission on Monday.

Sandler O’Neill + Partners, LP is the bookrunner. Macquarie Capital is the co-manager.

Proceeds will be used to repay the company’s 5% senior notes due 2017 and for general corporate purposes.

Astoria Financial is a Lake Success, N.Y.-based savings and loan holding company of Astoria Bank and subsidiaries. Astoria Financial entered into a merger agreement in March with Montebello, N.Y.-based Sterling Bancorp, with Sterling National Bank to be the surviving bank following the merger.

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