Meanwhile, SL Green reported Wednesday that it expanded its unsecured corporate credit facility by $250 million, to $2.783 billion. The credit expansion involves the addition of two new banking relationships with Bank of Montreal and Mizuho Bank.

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 states.

, “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 sizable pool of unencumbered assets,” says SL Green CFO Matt DiLiberto. “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; J.P. Morgan Securities; Deutsche Bank Securities and US Bank National Association are joint lead arrangers of the SL Green credit facility, with Wells Fargo Bank, National Association serving as the administrative agent, JPMorgan Chase Bank, NA serving as the syndication agent and Deutsche Bank AG New York Branch and US Bank National Association serving as co-documentation agents.

Random House

NEW YORK CITY—International publishing giant Penguin Random House has decided Broadway is the place to be.

The firm has signed a 15-year 603,650-square-foot lease extension through June 2033 covering floors 2-19 and 21-23 at the 50-story office tower at 1745 Broadway. This is an early renewal of Penguin Random House's lease, which was scheduled to expire in 2018. The deal was announced by building owners SL Green Realty and partner Ivanhoé Cambridge.

Steven Durels, EVP and director of real estate for SL Green, says of the major renewal transaction, “We and our partners at Ivanhoe Cambridge are very pleased to have a high quality tenant like Penguin Random House continue to anchor this premier asset.”

Richard Bernstein of Cushman & Wakefield represented the tenant in this transaction while SL Green represented the landlord in-house.

Meanwhile, SL Green reported Wednesday that it expanded its unsecured corporate credit facility by $250 million, to $2.783 billion. The credit expansion involves the addition of two new banking relationships with Bank of Montreal and Mizuho Bank.

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 states.

, “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 sizable pool of unencumbered assets,” says SL Green CFO Matt DiLiberto. “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; J.P. Morgan Securities; Deutsche Bank Securities and US Bank National Association are joint lead arrangers of the SL Green credit facility, with Wells Fargo Bank, National Association serving as the administrative agent, JPMorgan Chase Bank, NA serving as the syndication agent and Deutsche Bank AG New York Branch and US Bank National Association serving as co-documentation agents.