NEW YORK–(BUSINESS WIRE)–
SL Green Realty Corp (NYSE:SLG), an S&P 500 company and New York City’s
largest commercial landlord, today announced that it has expanded its
unsecured corporate credit facility by $500 million, to $2.533 billion.
The revolving line of credit portion of the facility, which matures in
March 2020, has been increased by $400 million to $1.6 billion and the
term loan portion of the facility, which matures in June 2019, has been
increased by $100 million to $933 million.
SL Green’s Chief Financial Officer, Matt DiLiberto, commented, “The
expansion of our unsecured corporate credit facility further increases
our liquidity position and maximizes our financial flexibility on very
favorable terms. This will allow us to execute an investment strategy
that continues to strengthen our dominant New York market position while
maintaining an investment grade balance sheet. It is also evidence of
continued lender confidence in our platform, our credit profile, and in
the strength of the New York City commercial property market.”
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 Agents.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York City’s largest
office 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, 2015, SL Green
held interests in 120 Manhattan buildings totaling 44.1 million square
feet. This included ownership interests in 29.0 million square feet of
commercial buildings and debt and preferred equity investments secured
by 15.1 million square feet of buildings. In addition to its Manhattan
investments, SL Green held ownership interests in 37 suburban buildings
totaling 5.9 million square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey. For more information, please visit: https://slgreen.com/
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.
SLG-FIN
View source version on businesswire.com: http://www.businesswire.com/news/home/20150805005885/en/
Matt DiLiberto
Chief Financial Officer
212.594.2700
Source: SL Green Realty Corp
News Provided by Acquire Media