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Press release from PR Newswire

Standard Pacific Corp. Announces Redemption of 6 1/2% Senior Notes due 2010, 6 7/8% Senior Notes due 2011 and 7 3/4% Senior Notes due 2013

Tuesday, May 04, 2010

Standard Pacific Corp. Announces Redemption of 6 1/2% Senior Notes due 2010, 6 7/8% Senior Notes due 2011 and 7 3/4% Senior Notes due 201308:01 EDT Tuesday, May 04, 2010IRVINE, Calif., May 4, 2010 /PRNewswire-FirstCall/ -- Standard Pacific Corp. (NYSE: SPF) announced that it will redeem for cash all of its outstanding 6 1/2% Senior Notes due 2010, 6 7/8% Senior Notes due 2011 and 7 3/4% Senior Notes due 2013. �The redemption date for the 2010 and 2011 notes will be June 2, 2010 and the redemption date for the 2013 notes will be June 3, 2010. �The redemption price for each series of notes will be determined in accordance with the indenture governing such notes. �A notice of redemption is being mailed to all registered holders of the 2010, 2011 and 2013 notes. �The notice, among other matters, describes the mechanics for calculating the applicable redemption price. �Copies of the notice of redemption may be obtained from The Bank of New York Mellon Trust Company, N.A. by calling 1-800-254-2826. �The notice of redemption of the 2013 notes does not change or amend the Company's current tender offer for the 2013 notes, which is being made pursuant to the Offer to Purchase, dated April 20, 2010, and is scheduled to expire at 5:00 p.m., New York City time, on May 18, 2010, unless extended.This announcement is for informational purposes only and is not an offer to purchase or sell or a solicitation of an offer to purchase or sell, with respect to any securities. About Standard PacificStandard Pacific, one of the nation's largest homebuilders, has built more than 110,000 homes during its 44-year history. �The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. �Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado and Nevada. This press release contains forward-looking statements. �Forward-looking statements are based on our current expectations or beliefs regarding future events or circumstances, and you should not place undue reliance on these statements. �Such statements involve known and unknown risks, uncertainties, assumptions and other factors many of which are out of the Company's control and difficult to forecast that may cause actual results to differ materially from those that may be described or implied. �The Company expressly disclaims any intent or obligation to update these forward-looking statements, except as required by law. �For a discussion of certain of the risks, uncertainties and other factors affecting the statements contained in this press release, see the Company's Annual Report on Form 10-K for the year ended December 31, 2009 and its subsequent Quarterly Reports on Form 10-Q. Contact: John Stephens, SVP & CFO (949) 789-1641, jstephens@stanpac.comSOURCE Standard Pacific Corp.For further information: John Stephens, SVP & CFO of Standard Pacific Corp., +1-949-789-1641, jstephens@stanpac.com