Standard Pacific to redeem all $125 million 9½% notes due 2010

By Jennifer Chiou

New York, Aug. 8 - Standard Pacific Corp. announced the redemption of all $125 million of its 9½% senior notes due 2010 at 104.75%.

The company will also pay accrued interest up to the redemption date, Sept. 15.

J.P. Morgan Trust Co., NA is trustee.

The Irvine, Calif., homebuilder will use a portion of the proceeds from its offering of $175 million 6½% senior notes due 2010 and $175 million 7% senior notes due 2015.

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