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iStar Financial Agrees to Sell $750 Million of Senior Unsecured Notes
 
NEW YORK
(Map)
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The Company has agreed to sell the Notes at 99.495% of their principal amount for an initial yield of 8.750% per annum. The offering of the Notes is expected to close on Banc of America Securities LLC, Citi Markets & Banking and J.P. Morgan Securities Inc. are acting as joint book-running managers for the offering. This press release does not constitute an offer to sell or solicitation of an offer to buy the Notes being sold in this offering. Copies of the final prospectus and accompanying prospectus supplement relating to the sale of the Notes will be filed with the Securities and Exchange Commission and may be obtained by calling Banc of America Securities LLC toll-free at 1-800-294-1322, Citigroup Global Markets Inc. toll free at 1-877-858-5407 or J.P. Morgan Securities Inc. at 1-212-834-4533. * * * iStar Financial Inc. is a leading publicly traded finance company focused on the commercial real estate industry. The Company primarily provides custom tailored financing to high end private and corporate owners of real estate, including senior and mezzanine real estate debt, senior and mezzanine corporate capital, corporate net lease financing and equity. The Company, which is taxed as a real estate investment trust ("REIT"), seeks to deliver strong dividends and superior risk-adjusted returns on equity to shareholders by providing innovative and value added financing solutions to its customers. Additional information on iStar Financial is available on the Company's website at www.istarfinancial.com.
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