iStar Financial calls final $312 million 10% senior notes due 2014

By Marisa Wong

Madison, Wis., Dec. 7 - iStar Financial Inc. said it will redeem its $312 million of outstanding 10% second-priority senior secured guaranteed notes due 2014 on Jan. 6.

The notes will be redeemed at par plus accrued interest to but excluding the redemption date.

Following the redemption, the company will have retired all $635 million of the second-priority senior secured notes issued in its May 2009 exchange offer.

iStar is a New York-based finance company focused on the commercial real estate industry.

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