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STANDARD PACIFIC CORP. PLANS STOCK OFFERING

 STANDARD PACIFIC CORP. PLANS STOCK OFFERING
 COSTA MESA, Calif., Feb. 21 /PRNewswire/ -- Arthur E. Svendsen,


chairman of the board and chief executive officer of Standard Pacific Corp. (NYSE: SPF), announced today that it plans to issue 3.0 million shares of its common stock.
 The company expects to use the net proceeds from the stock offering for the reduction of senior indebtedness.
 Prudential Securities Inc., Lehman Brothers and Oppenheimer & Co. Inc. are managing the offering. The company said a registration statement relating to the securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
 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.
 (This release 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.)
 -0- 2/21/92
 /CONTACT: April J. Morris of Standard Pacific, 714-668-4303/
 (SPF) CO: Standard Pacific Corp. ST: California IN: CST SU: OFR


AL-CH -- LA007 -- 1378 02/21/92 12:23 EST
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Publication:PR Newswire
Date:Feb 21, 1992
Words:281
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