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STANDARD PACIFIC CORP. ANNOUNCES THE OFFERING OF $100,000,000 OF SENIOR NOTES DUE 1999

 STANDARD PACIFIC CORP. ANNOUNCES THE OFFERING
 OF $100,000,000 OF SENIOR NOTES DUE 1999
 COSTA MESA, Calif., March 30 /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 1999 pursuant to the company's effective shelf registration statement previously filed with the Securities and Exchange Commission through underwriters led by Merrill Lynch & Co. The proceeds from the offer will be used 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 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 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.
 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 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- 3/30/92
 /CONTACT: April J. Morris of Standard Pacific, 714-668-4303/
 (SPF) CO: Standard Pacific Corp. ST: California IN: CST FIN SU: OFR


KJ-JL -- LA003 -- 2688 03/30/92 08:07 EST
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Publication:PR Newswire
Date:Mar 30, 1992
Words:360
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