New York City—SL Green announced it has refinanced, extended and expanded its unsecured corporate credit facility by $217 million to $3 billion.
The five-year funded term loan component of the facility has been increased by $117 million to $1.3 billion, the maturity date has been extended from June 2019 to March 2023, and the current borrowing cost has been reduced to 135 basis points over LIBOR.
The revolving line of credit component has been reduced by $100 million to $1.5 billion, the maturity date has been extended from March 2019 to March 2023, inclusive of as-of-right extension options aggregating one-year, and the current borrowing cost was reduced to 120 basis points over LIBOR.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
