ITEM 1.01 Entry into a Material Definitive Agreement.
Underwriting Agreement
On December 6, 2019, iStar Inc. (the "Company") entered into an underwriting
agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, as
representative of the several underwriters. Pursuant to the Underwriting
Agreement, the Company agreed to sell, and the Underwriters agreed to purchase,
subject to terms and conditions set forth in the Underwriting Agreement,
$550,000,000 aggregate principal amount of the Company's 4.250% Senior Notes due
2025 (the "Notes").
The offering, which is expected to close on December 16, 2019, will generate net
proceeds of approximately $542.9 million, after deducting estimated transaction
expenses. The Underwriting Agreement contains customary representations,
warranties and agreements of the Company, conditions to closing, indemnification
rights and obligations of the parties and termination provisions.
The preceding description is qualified in its entirety by reference to the
Underwriting Agreement, a copy of which is attached hereto as Exhibit 1.1 to
this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits.
(d) Exhibits.
1.1 Underwriting Agreement, dated December 6, 2019, by and among iStar
Inc. and J.P. Morgan Securities LLC and the other several underwriters
named therein, relating to the Notes.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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