SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial property owner and an S&P 500 company, today announced that it has priced $100 million aggregate principal amount of 4.27% Senior Unsecured Notes, due December 17, 2025, in a private placement.
The Senior Unsecured Notes will be co-issued by SL Green Realty Corp., SL Green Operating Partnership, L.P. and Reckson Operating Partnership, L.P. The transaction is expected to be funded in December, 2015.
Matt DiLiberto, Chief Financial Officer of SL Green commented, “We are pleased by the support shown by high quality, long-term institutional investors in this private placement and the opportunity to issue unsecured debt on attractive terms.”
The Senior Unsecured Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws. This press release is for information only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Barclays acted as the sole placement agent for the offering.
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 September 30, 2015, SL Green held interests
in 121 Manhattan buildings totaling 43.2 million square feet. This
included ownership interests in 30.6 million square feet of commercial
buildings and debt and preferred equity investments secured by 12.6
million square feet of buildings. In addition to its Manhattan
investments, SL Green held ownership interests in 35 suburban buildings
totaling 5.3 million square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey. For more information, please visit: http://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
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Contacts:
Matt DiLiberto
Chief Financial Officer
212.594.2700