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: http://slgreen.com/
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