SL Green Expands Unsecured Corporate Credit Facility by $250 Million


SL Green Realty Corp. (NYSE:SLG), New York City’s largest commercial

landlord, today announced that it has expanded its unsecured corporate

credit facility by $250 million, to $2.783 billion, with the addition of

two new, high quality banking relationships, Bank of Montreal and Mizuho

Bank, Ltd.

The term loan portion of the facility, which matures in June 2019, has

been increased from $933 million to $1.183 billion while the revolving

line of credit portion of the facility, which matures in March 2020,

remains at $1.6 billion.

SL Green Chief Financial Officer, Matt DiLiberto, commented, “We are

pleased to welcome Bank of Montreal and Mizuho to the deep roster of

premier lenders in our credit facility. This is the third expansion of

our credit facility in less than two years, demonstrating lenders’

continued confidence in our investment grade, New York City-centric

portfolio, which is comprised of a sizeable pool of unencumbered assets.

The expansion provides additional, flexible corporate funding on very

efficient terms with proceeds to be utilized to reduce other outstanding

debt as well as provide incremental liquidity for potential investment

activity in the future.”

Wells Fargo Securities, LLC; J.P. Morgan Securities LLC; Deutsche Bank

Securities Inc., and U.S. Bank National Association are Joint Lead

Arrangers of the facility, with Wells Fargo Bank, National

Association serving as the Administrative Agent, JPMorgan Chase Bank,

N.A. serving as the Syndication Agent and Deutsche Bank AG New York

Branch and U.S. Bank National Association serving as Co-Documentation


About SL Green Realty Corp.

SL Green Realty Corp., an S&P 500 company and New York City’s largest

commercial landlord, is a fully integrated real estate investment trust,

or REIT, that is focused primarily on acquiring, managing and maximizing

value of Manhattan commercial properties. As of June 30, 2016, the

company held interests in 119 Manhattan buildings totaling 44.7 million

square feet. This included ownership interests in 28.1 million square

feet of commercial buildings and debt and preferred equity investments

secured by 16.7 million square feet of buildings. In addition, the

company held ownership interests in 31 suburban buildings totaling 4.9

million square feet in Brooklyn, Long Island, Westchester County,

Connecticut and New Jersey. For more information, please visit:

Forward-looking Statement

This press release includes certain statements that may be deemed to be

“forward-looking statements” within the meaning of the Private

Securities Litigation Reform Act of 1995 and are intended to be covered

by the safe harbor provisions thereof. All statements, other than

statements of historical facts, included in this press release that

address activities, events or developments that we expect, believe or

anticipate will or may occur in the future, are forward-looking

statements. Forward-looking statements are not guarantees of future

performance and we caution you not to place undue reliance on such

statements. Forward-looking statements are generally identifiable by the

use of the words “may,” “will,” “should,” “expect,” “anticipate,”

“estimate,” “believe,” “intend,” “project,” “continue,” or the negative

of these words, or other similar words or terms. Forward-looking

statements contained in this press release are subject to a number of

risks and uncertainties, many of which are beyond our control, that may

cause our actual results, performance or achievements to be materially

different from future results, performance or achievements expressed or

implied by forward-looking statements made by us. Factors and risks to

our business that could cause actual results to differ from those

contained in the forward-looking statements are described in our filings

with the Securities and Exchange Commission. We undertake no obligation

to publicly update or revise any forward-looking statements, whether as

a result of future events, new information or otherwise.


Matt DiLiberto
Chief Financial Officer

Source: SL Green Realty Corp.

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