SL Green Operating Partnership, L.P., through its subsidiaries, engages in owning, managing, leasing, acquiring, and repositioning commercial office and retail properties in the New York metropolitan area. As of December 31, 2010, it owned or held interests in 22 consolidated and 8 unconsolidated commercial office properties encompassing approximately 15.1 million rentable square feet and approximately 7.2 million rentable square feet, respectively, located primarily in midtown Manhattan; and had ownership interests in 25 consolidated and 6 unconsolidated commercial office properties with approximately 3.9 million rentable square feet and approximately 2.9 million rentable square feet, respe...
420 Lexington Avenue
New York, NY 10170
Founded in 1997
Sl Green Realty Corp., SL Green Operating Partnership and Reckson Operating Partnership LP Amends Their Credit Facility
Jan 9 15
SL Green Realty Corp., SL Green Operating Partnership and Reckson Operating Partnership LP on Jan. 6 amended their credit facility to, among other things, decrease the interest rate margin on the revolving credit facility and to extend the maturity date of the revolving credit facility. After giving effect to the amendment, loans under the revolving credit facility will bear interest at a spread over either the base rate or LIBOR, at the company's option, with an interest period of seven days or one, three or six months, also at the company's option, ranging from 87.5 basis points to 155 basis points based on the credit rating assigned to the senior unsecured long-term debt of Reckson OP. As of Jan. 6, the applicable spread for loans under the revolving credit facility was 125 basis points. The revolving credit facility is now scheduled to mature March 29, 2019, and may be further extended, at the company's option, by up to an additional 12 months. The company, SL Green OP and Reckson OP are borrowers jointly and severally obligated under the credit facility. The lending group consists of Wells Fargo Bank NA, as administrative agent; Wells Fargo Securities LLC, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and U.S. Bank NA, as the lead arrangers and joint book runners; JPMorgan Chase Bank NA, as syndication agent; U.S. Bank NA, Deutsche Bank AG New York Branch, Bank of America NA, Citibank NA, PNC Bank NA and The Bank of New York Mellon as the documentation agents; as well as the other lenders and agents party thereto.
SL Green Realty Corp., SL Green Operating Partnership, L.P. and Reckson Operating Partnership, L.P. Enter into Certain Amended and Restated Credit Agreement
Nov 12 14
On November 10, 2014, SL Green Realty Corp., SL Green Operating Partnership, L.P. and Reckson Operating Partnership, L.P. entered into an agreement with The Bank of New York Mellon as the Increasing Lender and Wells Fargo Bank, National Association as the Administrative Agent. The Agreement supplements the existing credit facility to borrow from the Increasing Lender an additional term loan in the principal amount of $50 million. The credit facility, as supplemented by the Agreement, includes an $833 million term loan facility and a $1.2 billion revolving credit facility. The Additional Term Loan was borrowed on November 10, 2014.