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MarketScreener Homepage  >  Equities  >  Nyse  >  IStar Inc.    STAR

ISTAR INC.

(STAR)
  Report
Delayed Quote. Delayed Nyse - 01/20 04:10:00 pm
15.71 USD   +4.66%
01/19ISTAR : Form 8937
PU
2020ISTAR : Event Presentation
PU
2020ISTAR INC. : Ex-dividend day for
FA
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

ISTAR INC. : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

08/20/2020 | 04:12pm EST

ITEM 1.01 Entry into a Material Definitive Agreement.




Underwriting Agreement


On August 18, 2020, iStar Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., 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, $400,000,000 aggregate principal amount of the Company's 5.500% Senior Notes due 2026 (the "Notes").

The offering, which is expected to close on September 1, 2020, will generate net proceeds of approximately $394.7 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 August 18, 2020, by and among iStar Inc.
         and BofA Securities, Inc. and the other several underwriters named
         therein, relating to the Notes.
  99.1     Press Release dated August 18, 2020 announcing the offering of the
         Notes.
  99.2     Press Release dated August 18, 2020 announcing the pricing of the
         Notes.
104      Cover Page Interactive Data File-the cover page XBRL tags are embedded
         within the Inline XBRL document




                                     - 1 -

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 483 M - -
Net income 2020 -64,4 M - -
Net Debt 2020 - - -
P/E ratio 2020 -18,6x
Yield 2020 2,74%
Capitalization 1 162 M 1 162 M -
Capi. / Sales 2020 2,41x
Capi. / Sales 2021 3,06x
Nbr of Employees 155
Free-Float 95,7%
Chart ISTAR INC.
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Technical analysis trends ISTAR INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 16,75 $
Last Close Price 15,71 $
Spread / Highest target 20,9%
Spread / Average Target 6,62%
Spread / Lowest Target -7,70%
EPS Revisions
Managers and Directors
NameTitle
Jay Sugarman Chairman & Chief Executive Officer
Marcos Alvarado President & Chief Investment Officer
Jeremy Fox-Geen Chief Financial Officer
Robin G. Josephs Lead Independent Director
Barry W. Ridings Independent Director
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