SL Green (SLG) Closes on $900M First Mortgage Refi; Sees $116M in Proceeds

February 19, 2013 7:28 AM EST
Get Alerts SLG Hot Sheet
Trade SLG Now!
Join SI Premium – FREE
SL Green Realty Corp. (NYSE: SLG) has closed on a $900 million first mortgage refinancing of 1515 Broadway.

The new 12-year, 3.93% fixed rate mortgage financing replaces the former $775 million mortgage loan. The refinancing follows the April 2012 renewal by Viacom of 1.6 million square feet at the office tower through 2031.

SL Green will recognize approximately $116 million in net proceeds from the transaction.

Skadden, Arps, Slate, Meagher & Flom LLP acted on behalf of SL Green. Sidley Austin LLP represented the lender group.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Guidance

Add Your Comment