Standard Pacific Corp. (NYSE:SPF) Thursday morning said its recently announced tender offer for 6 1/2% 2010 notes, 6 7/8% 2011 notes and 7 3/4% 2013 notes was sufficient to proceed with the buyback and said it was increasing its previously announced maximum payment amount in the offers from $175 million to $260 million.

As of the 5:00 p.m., New York City time early tender deadline on September 23, 2009, $132.4 million of the 2010 notes, $121.4 million of the 2011 notes and $3.3 million of the 2013 notes had been validly tendered and not withdrawn.

The tender offers are scheduled to expire at 11:59 p.m., New York City time, on October 7, 2009, unless extended by the company.