SL Green Realty Corp. Announces Proposed Offering of Common Stock
November 21 2024 - 4:14PM
SL Green Realty Corp. (the “Company”) (NYSE: SLG) announced today
the commencement of an underwritten public offering of
$400,000,000.00 of shares of its common stock, par value $0.01 per
share (the “Common Stock”). In connection with the offering, the
Company intends to grant the underwriters an option for 30 days to
purchase up to an additional $60,000,000.00 of shares of Common
Stock.
The Company intends to use net proceeds from the
offering for general corporate purposes, which may include new debt
and equity investment opportunities and the repayment of a portion
of its outstanding indebtedness.
Wells Fargo Securities, J.P. Morgan, TD
Securities, BMO Capital Markets, and Deutsche Bank Securities are
serving as joint bookrunning managers for the offering.
This offering is being made pursuant to an
effective shelf registration statement filed with the Securities
and Exchange Commission (the “SEC”) on November 21, 2024 and only
by means of a prospectus. You may obtain these documents for free
by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies of the prospectus supplement and the
prospectus may be obtained from Wells Fargo Securities at Wells
Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN
55402, at 800-645-3751 (option #5) or email a request to
WFScustomerservice@wellsfargo.com; J.P. Morgan at J.P. Morgan
Securities LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717 or by email at
prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com; TD Securities at TD
Securities (USA) LLC, 1 Vanderbilt Avenue, New York, New York
10017, by telephone at (855) 495-9846, or by email at
TD.ECM_Prospectus@tdsecurities.com; BMO Capital Markets at BMO
Capital Markets Corp., Attn: Equity Syndicate Department, 151 W
42nd Street, 32nd Floor, New York, NY 10036, email:
bmoprospectus@bmo.com; or Deutsche Bank Securities at Deutsche Bank
Securities Inc., Attention: Prospectus Department, at 1 Columbus
Circle, New York, NY 10019, by telephone at (800) 503-4611 or by
email at Prospectus.Ops@db.com.
This press release does not constitute an offer to
sell or the solicitation of an offer to buy shares of Common Stock,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About SL Green Realty Corp.
SL Green Realty
Corp., Manhattan's largest office landlord, is a 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, 2024, SL Green held interests in 55 buildings totaling 31.8
million square feet. This included ownership interests in 28.1
million square feet of Manhattan buildings and 2.8
million square feet securing debt and preferred equity
investments.
Forward-looking Statements
This press release includes certain statements
that may be deemed to be "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995 and
are intended to be covered by the safe harbor provisions thereof.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that we expect, believe or anticipate will or may
occur in the future, including such matters as future capital
expenditures, dividends and acquisitions (including the amount and
nature thereof), development trends of the real estate industry and
the New York metropolitan area markets, occupancy,
business strategies, expansion and growth of our operations and
other similar matters, are forward-looking statements. These
forward-looking statements are based on certain assumptions and
analyses made by us in light of our experience and our perception
of historical trends, current conditions, expected future
developments and other factors we believe are appropriate.
Forward-looking statements are not guarantees of future performance
and actual results or developments may differ materially, and we
caution you not to place undue reliance on such statements.
Forward-looking statements are generally identifiable by the use of
the words "may," "will," "should," "expect," "anticipate,"
"estimate," "believe," "intend," "project," "continue," or the
negative of these words, or other similar words or terms.
Forward-looking statements contained in this press
release are subject to a number of risks and uncertainties, many of
which are beyond our control, that may cause our actual results,
performance or achievements to be materially different from future
results, performance or achievements expressed or implied by
forward-looking statements made by us. Factors and risks to our
business that could cause actual results to differ from those
contained in the forward-looking statements include risks and
uncertainties described in our filings with the SEC. Except to
the extent required by law, we undertake no obligation to publicly
update or revise any forward-looking statements, whether as a
result of future events, new information or otherwise.
PRESS CONTACTslgreen@berlinrosen.com
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