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iStar Financial Inc. Message Board

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  • joebsib joebsib Dec 8, 2010 12:28 PM Flag

    why the jump??

    This just crossed the wires

    NEW YORK, Dec. 7, 2010 /PRNewswire-FirstCall/ -- iStar Financial Inc. (NYSE:SFI - News), a publicly traded finance company focused on the commercial real estate industry, announced today that it has called for redemption of its approximately $312 million remaining principal amount of 10% Second Priority Senior Secured Guaranteed Notes due 2014.
    The notes are redeemable at 100% of par value plus accrued but unpaid interest to, but not including, the redemption date. The redemption date will be January 6, 2011. After giving effect to this redemption, the Company will have retired the entire $635 million principal amount of the Second Priority Senior Secured Notes issued in its May 2009 exchange offer.

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