standard pacific corp (SPF) Key Developments
Standard Pacific Homes Opens Newbridge and Carmel in Menifee's Master-Planned Community of Heritage Lake
Aug 8 14
Standard Pacific Homes announced the opening of Newbridge and Carmel in Menifee's master-planned community of Heritage Lake. Between the two communities, home shoppers will have the opportunity to tour eight stunning model homes that showcase the trends in residential architecture as well as the quality craftsmanship that Standard Pacific Homes is known for. Newbridge at Heritage Lake: Home shoppers will have the choice of four unique home designs. Ranging in size from 2,700 to 3,900 square feet, the homes of Newbridge are the large floor plans available within Heritage Lake. These homes offer up to six bedrooms and four and one half baths. The exterior styles feature a rich mix of Spanish, Traditional, Craftsman and Italian architecture, creating a beautiful streetscape. With top quality materials and finishes, and details the experienced home buyer has come to expect, the homes of Newbridge satisfy the tastes of discerning move-up buyers. Carmel at Heritage Lake: Carmel at Heritage Lakes offers four home designs to choose from. Ranging in size from 2,300 to 3,100 square feet, these homes offer up to six bedrooms and four baths. These homes feature a diverse range of historically inspired architectural styles, including Spanish, Traditional, European Cottage and Italian, which combine to create an upscale street scene within the community.
Standard Pacific Corp. Enters into Second Amendment to Amended and Restated Credit Agreement
Aug 1 14
On July 31, 2014, Standard Pacific Corp. entered into the second amendment to amended and restated credit agreement, which amends that certain amended and restated credit agreement, dated as of October 19, 2012, as amended by that certain first amendment to amended and restated credit agreement, dated as of September 26, 2013, and as further amended by that certain letter agreement, dated as of October 24, 2013, among the company, the several banks and other financial institutions or entities from time to time parties thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent. Among other things, the second amendment revises the pricing in favor of the company, extends the maturity date of the facility from October 2015 to July 2018, increases the size of the facility from $440 million to $450 million, and amends the accordion feature to permit the size of the facility to be increased in the future from $450 million up to $750 million (dependent upon company needs and available bank commitments). The credit agreement's financial covenants were not modified in connection with the second amendment. On the amendment date no amounts were outstanding under the credit facility and, giving effect to the second amendment, the total commitment of $450,000,000 was available to be drawn.
Standard Pacific Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 31 14
Standard Pacific Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported income before taxes of $91,846,000 against $51,144,000 a year ago. Net income available to common stockholders was $42,890,000 or $0.15 per diluted share against $28,777,000 or $0.12 per diluted share a year ago. Net cash used in operating activities was $25,949,000 against $90,743,000 a year ago. EBITDA was $125,745,000 against $84,952,000 a year ago. Total revenues were $592,486,000 against $438,681,000 a year ago.
For the six months, the company reported income before taxes of $153,461,000 against $86,537,000 a year ago. Net income available to common stockholders was $71,838,000 or $0.23 per diluted share against $40,887,000 or $0.16 per diluted share a year ago. Net cash used in operating activities was $143,512,000 against $149,204,000 a year ago. EBITDA was $457,417,000 against $273,924,000 a year ago. Total revenues were $1,052,685,000 against $796,402,000 a year ago.
Standard Pacific Homes Opens Private Golf Course Community In Orlando
Jun 28 14
Standard Pacific Homes, one of the nation's leaders in homebuilding quality, announced the grand opening of The Reserve at Alaqua. This community is designed to meet the discerning tastes and expectations of 's distinguished move-up or country club buyers.
Standard Pacific Corp. to Report Q2, 2014 Results on Jul 31, 2014
Jun 26 14
Standard Pacific Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 31, 2014