NEW YORK--(BUSINESS WIRE)--
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
Agents.
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: 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160907005536/en/
Matt DiLiberto
Chief Financial Officer
212.594.2700
Source: SL Green Realty Corp.
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