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March 24, 2014
08:06 EDTSLGSL Green Realty expands, extends unsecured credit facility
SL Green Realty Corp. announced that it has amended and expanded the term loan portion of its unsecured corporate credit facility by $383M to $783M. The maturity date of the term loan is extended to June 2019 and the cost of the term loan has been reduced to 140 basis points over LIBOR. The facility also includes a $1.2B revolving line of credit that matures in March 2018, inclusive of the company’s aggregate one-year as-of-right extension option.
News For SLG From The Last 14 Days
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September 16, 2014
08:06 EDTSLGSL Green Realty, Moinian JV sells office tower
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08:06 EDTSLGSL Green Realty to acquire commercial condominium units in Manhattan for $275M
SL Green Realty Corp. announced that it has entered into an agreement to acquire commercial condominium units in the newly constructed Midtown Manhattan class-A office property located at 55 West 46th Street for $275M. SL Green will acquire 319,000 square feet consisting of vacant office space on floors 22 – 34, a retail store on 46th street and the building’s parking garage and fitness center. As part of the agreement, the seller has the option to include the 2nd floor in the transaction, which consists of 28,000 square feet, for an additional purchase price of $20M. The transaction, which is subject to customary closing conditions, is expected to be completed before the end of 2014.
September 3, 2014
11:40 EDTSLGSL Green Realty announces $50M mezzanine loan to Moinian Group
SL Green Realty announced a $50M mezzanine loan to The Moinian Group for the construction of a major residential rental project in Manhattan. In addition to the mezzanine loan, SL Green also facilitated the closing of a $539M loan with the New York State Housing Finance Agency by arranging credit enhancements from Bank of China and Union Labor Life Insurance company. As part of its agreement with Moinian Group, SL Green has an option to acquire up to a 20% stake in the property upon the completion of the project.

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