NEW YORK, Sept. 11, 2019 /PRNewswire/ -- iStar (NYSE: STAR)
announced today that it has launched an offering, subject to market
and other conditions, of $675 million
aggregate principal amount of Senior Unsecured Notes due 2024. The
Company intends to use the net proceeds of the offering and cash on
hand to redeem in full its 4.625% Senior Notes due 2020 and 6.50%
Senior Notes due 2021, and to pay related fees and
expenses.
BofA Merrill Lynch, J.P. Morgan, Barclays, Morgan Stanley, and
Goldman Sachs & Co. LLC are the joint book-running managers for
the offering. The notes will be issued pursuant to an effective
shelf registration statement that was previously filed with the
Securities and Exchange Commission.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the offered notes, nor shall there
be any sale of the notes in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
The notes will be offered by means of the preliminary prospectus
supplement and accompanying prospectus for the offering. Electronic
copies of the preliminary prospectus supplement and accompanying
prospectus for the offering may be obtained for free by searching
the SEC online database (EDGAR) on the SEC website at www.sec.gov.
Alternatively, copies of the preliminary prospectus supplement and
accompanying prospectus for the offering may be obtained by
contacting the joint book-running managers at the following
addresses or telephone numbers:
BofA Merrill
Lynch NC1-004-03-43
200 North College Street, 3rd floor
Charlotte NC 28255-0001
Attn: Prospectus Department
dg.prospectus_requests@baml.com
|
J.P.
Morgan
383 Madison Avenue, 3rd Floor
New York, New York 10179
Attn: Syndicate Desk
hy_syndicate@restricted.chase.com
1-800-245-8812 (toll free)
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Barclays Capital
Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
barclaysprospectus@broadridge.com
1-888-603-5847 (toll-free)
|
Morgan Stanley
& Co. LLC
180 Varick Street, 2nd Floor
New York, NY 10014
Attn: Prospectus Department
prospectus@morganstanley.com
1-866-718-1649
|
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Goldman Sachs
& Co. LLC
200 West Street
New York, NY 10282
Attn: Prospectus Department
Prospectus-NY@ny.email.gs.com
1-212-902-1171
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SOURCE iStar Inc.