iStar Financial Reprices Its $1.82 Billion Senior Secured Credit Facility

  iStar Financial Reprices Its $1.82 Billion Senior Secured Credit Facility

PR Newswire

NEW YORK, Feb. 7, 2013

NEW YORK, Feb. 7, 2013 /PRNewswire/ --iStar Financial Inc. (NYSE: SFI)
announced today that it has received commitments from lenders to reprice its
$1.82 billion senior secured credit facility due October 2017. The term loan
will now bear interest at an annual rate of LIBOR + 3.50% with a 1.00% LIBOR
floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.25% LIBOR
floor. In connection with the repricing, the Company will pay lenders a
prepayment fee of 1.0% of the approximately $1.71 billion outstanding on the
facility at repricing. Call protection for lenders was extended from October
15, 2013 to December 31, 2013. All other terms of the credit facility remained
the same.

J.P. Morgan acted as Lead Left Bookrunner and J.P. Morgan, Barclays and BofA
Merrill Lynch served as Joint Lead Arrangers and Bookrunners.

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iStar Financial Inc. (NYSE: SFI) is a fully-integrated finance and investment
company focused on the commercial real estate industry. The Company provides
custom-tailored investment capital to high-end private and corporate owners of
real estate and invests directly across a range of real estate sectors. The
Company, which is taxed as a real estate investment trust ("REIT"), has
invested more than $35 billion over the past two decades. Additional
information on iStar Financial is available on the Company's website at

SOURCE iStar Financial Inc.

Contact: David M. DiStaso, Chief Financial Officer, or Jason Fooks, Investor
Relations, +1-212-930-9400,
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