Standard Pacific buys back $6 million 6% convertibles due 2012

By Melissa Kory

Cleveland, Nov. 5 - Standard Pacific Corp. repurchased $6 million of its outstanding 6% senior subordinated convertible notes due 2012 at discount during the three months ended Sept. 30, the company said in a 10-Q filing with the Securities and Exchange Commission.

Following the repurchase, $39.6 million notes remain outstanding.

The company reported a $1 million non-cash loss in connection with the repurchase.

The homebuilder is based in Irvine, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.