This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
SL Green Realty Corp. (the “Company”) (NYSE:SLG) announced today that it priced an underwritten public offering of 2,600,000 shares of its common stock, par value $0.01 per share (the “Common Stock”). The closing price of the Common Stock on the New York Stock Exchange was $98.15 on October 28, 2013. The Company has granted the underwriter an option to purchase up to an additional 390,000 shares of Common Stock during the next 30 days. The offering is expected to close on November 1, 2013, subject to customary closing conditions.
The Company intends to use net proceeds from the offering for general corporate purposes, which may include new investments and repayment of outstanding indebtedness of the Company and its subsidiaries.
Citigroup is serving as the sole underwriter of the offering.
This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on December 21, 2012 and only by means of a prospectus. Copies of these documents may be obtained by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (telephone: (800) 831-9146).
This press release is not an offer to sell, nor a solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale thereof would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
SL Green Realty Corp., New York City's largest office landlord, is the only fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2013, SL Green owned interests in 89 Manhattan properties totaling 42.3 million square feet. This included ownership interests in 23.9 million square feet of commercial properties and debt and preferred equity investments secured by 14.9 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 31 suburban assets totaling 5.4 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, along with three development properties in the suburbs encompassing approximately 0.4 million square feet. The Company also has ownership interests in 28 properties totaling 3.7 million square feet in southern California.