NorthStar to sell $75 million in bonds

By Associated Press
May 21, 2008
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NorthStar Realty Finance Corp. is offering to sell $75 million of a special class of bond to raise cash for investments, the real estate investment fund said Wednesday.

Northstar's subsidiary, NRFC NNN Holdings LLC, will sell $75 million of bonds that mature in 2013. At the company's option, the bonds can be converted to cash or Northstar's common stock.

The subsidiary runs the company's non-health care properties.

(This version CORRECTS to say the company is selling a new class of bonds, not stock.)
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DocumentId: 650124, ~/articles/articlehandler.aspx, 8/21/2008 5:02:46 PM,

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