Standard Pacific upsizes, extends revolver

New York, Aug. 31 - Standard Pacific Corp. said it increased and extended its unsecured revolving credit facility.

The revolver is now $925 million in size, up from $600 million previously, and has an accordion which could take it to $1.1 billion.

The new maturity date is August 2009.

Banc of America Securities LLC was lead arranger and book manager, Bank of America, NA was administrative agent, JPMorgan Chase Bank was syndication agent, the Royal Bank of Scotland, plc, Wachovia Bank, NA and SunTrust Bank were co-documentation agents, and Guaranty Bank, Credit Suisse First Boston and PNC Bank were managing agents.

Standard Pacific is an Irvine, Calif., homebuilder.

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