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STANDARD PACIFIC CORP. ANNOUNCES DECISION TO WITHDRAW PREVIOUS OFFERING OF SENIOR NOTES

 STANDARD PACIFIC CORP. ANNOUNCES DECISION
 TO WITHDRAW PREVIOUS OFFERING OF SENIOR NOTES
 COSTA MESA, Calif., April 15 /PRNewswire/ -- Arthur E. Svendsen, chairman of the board and chief executive officer of Standard Pacific Corp. (NYSE: SPF), announced today that the company has decided to withdraw its previously announced offering of $100 million principal amount of Senior Notes due 1999. Svendsen stated the terms currently available to the company for such an offering were unattractive, given the company's strong financial structure.
 Standard Pacific Corp. has an effective shelf registration statement on file with the Securities and Exchange Commission for up to $200 million of debt securities which the company may utilize from time to time, at prices and terms acceptable to the company.
 Standard Pacific Corp. operates primarily as a geographically diversified builder of medium-priced single family homes with operations throughout California and in the Houston and Dallas markets. In addition, Standard Pacific Corp. assists homebuyers in obtaining financing for home purchases through its wholly owned subsidiary, Standard Pacific Savings, F.A. The company is also engaged in the manufacture and marketing of movable acoustical office partitions and office furniture through its wholly owned subsidiary, Panel Concepts Inc.
 -0- 4/15/92
 /CONTACT: April Morris of Standard Pacific, 714-668-4303/
 (SPF) CO: Standard Pacific Corp. ST: California IN: CST SU:


AL-CH -- LA033 -- 8925 04/15/92 16:42 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
Words:226
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