SL Green Realty Corp. (NYSE: SLG) refinanced $2.0 billion of its $2.4 billion corporate credit facility, extending maturities and reducing borrowing costs by 25 basis points across multiple components.

The Manhattan office landlord maintained its $1.25 billion revolving credit line while extending the maturity to June 2031. The borrowing cost was reduced to 125 basis points over SOFR based on the company's current credit rating.

The existing $1.05 billion term loan was restructured into two parts. A new $750 million term loan carries a June 2031 maturity with borrowing costs reduced to 145 basis points over SOFR. The remaining $300 million portion maintains its May 2027 maturity on existing terms.

A separate $100 million term loan with a November 2026 maturity remains unchanged under current terms.

"The refinancing of our credit facility is another meaningful step forward in the execution of our $7.0 billion 2026 financing plan," said Matt DiLiberto, Chief Financial Officer of SL Green.

Wells Fargo Securities, JPMorgan Chase Bank, TD Securities, BofA Securities, BMO Capital Markets, and Manufacturers and Traders Trust Company served as joint lead arrangers. Wells Fargo Bank acts as administrative agent, with JPMorgan Chase Bank as syndication agent.

As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet, including ownership interests in 28.0 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments.

The information is based on a company press release.