iStar Financial to redeem 6½%, 8 5/8% notes via new offer proceeds

By Tali David

Minneapolis, Nov. 7 - iStar Financial Inc. plans to redeem its $67 million aggregate principal amount of 6½% unsecured senior notes due 2013 with the proceeds of its new offering, according to a press release.

The remainder of the net proceeds will be used to redeem a portion of its 8 5/8% unsecured senior notes due 2013.

iStar is a New York-based finance company focused on the commercial real estate industry.

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