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STANDARD PACIFIC CORP. ANNOUNCES THE OFFERING OF $100,000,000 OF SENIOR NOTES DUE 2000

 COSTA MESA, Calif., Feb. 24 /PRNewswire/ -- Arthur E. Svendsen, chairman of the board and chief executive officer of Standard Pacific Corp. (NYSE: SPF) announced today that Standard Pacific will offer $100,000,000 principal amount of its senior notes due 2000 through Lehman Brothers as sole underwriter pursuant to the company's effective shelf registration statement previously filed with the Securities and Exchange Commission. The proceeds from the offer will be used to redeem all if the company's 13-7/8 percent and all or part of the company's 12-3/4 percent subordinated sinking fund debentures and to reduce senior indebtedness under the company's principal revolving credit agreement.
 A copy of the prospectus supplement relating to the securities may be obtained from Patricia Turnbeau, Investor Services, Standard Pacific Corp., 1565 W. MacArthur Blvd., Costa Mesa, CA 92626, phone 714-668-4316.
 Standard Pacific Corp. operates primarily as a geographically diversified builder of medium-priced, single-family homes for use as primary residences with operations throughout California and in Houston, Dallas and Austin, Texas. The company complements its homebuilding activities by arranging financing and related financial services for the company's homebuyers and others through its savings and loan subsidiary, Standard Pacific Savings, F.A. In addition, the company manufactures and markets high quality office furniture systems through its subsidiary, Panel Concepts Inc.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission. These securities may not be sold nor may offers to buy be accepted without the delivery of a final prospectus supplement and the accompanying prospectus. The prospectus supplement and the accompanying prospectus shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 The attorney general of the State of New York has not passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.
 -0- 2/24/93
 /CONTACT: April J. Morris of Standard Pacific, 714-668-4303/
 (SPF)


CO: Standard Pacific Corp. ST: California IN: CST SU: OFR

KJ -- LA017 -- 9928 02/24/93 12:45 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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