NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) — SL Green Realty (NYSE: ) Corp . (The Company) (NYSE: SLG) announced today that it has priced an underwritten public offering of 5,063,291 shares of its common stock. Price $0.01 per share (common stock), at a price to the public of $79.00 per share. In connection with the offering, the Company has granted the underwriters the option to purchase an additional 759,493 shares of common stock during the next 30 days. The offering is expected to close on November 25, 2024, subject to customary closing conditions.
The Company intends to use the 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 (NYSE: ) Securities, JP Morgan, TD Securities, BMO Capital Markets, and Deutsche Bank (ETR:) Securities is acting as joint book-running manager for the offering. BofA Securities, Goldman Sachs & Co. LLC, BNY Capital Markets and Credit Agricole (OTC:) CIB are acting as co-managers for the offering.
This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (SEC) on November 21, 2024 and by prospectus only. You can 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, Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5 or email request) to WFScustomerservice@wellsfargo.com; JP Morgan In re JP Morgan Securities LLC, c/o Broadridge Financial Solutions (NYSE:), 1155 Long Island Avenue, Edgewood, NY 11717 or by email to prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; TD Securities (USA) LLC, TD Securities at 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 in Deutsche Bank Securities Inc., Attention: Prospectus Department, at 1 Columbus (WA:) 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 will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is not permitted. It will be legal. Registration or qualification under the securities laws of any such state or jurisdiction.
About SL Green Realty Corp
SL Green Realty Corporation, Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, focused primarily on the acquisition, management and value maximization of Manhattan commercial properties. As of September 30, 2024, SL Green held interests in a total of 55 buildings totaling 31.8 million square feet. This includes ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet of debt and preferred equity investments.
Forward-Looking Statements
This press release contains certain statements that may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be subject to the safe harbor provisions thereof. All statements, other than statements of historical fact, included in this press release that refer to activities, events or developments that we expect, believe or may occur in the future, including future capital expenditures, profits and acquisitions (including the amount and nature thereof), growth trends in the real estate industry and New York metropolitan area markets, acquisitions, business strategies, expansion and development of our operations and the like; Matters, with respect to the future There are statements. These forward-looking statements are based on certain assumptions and analyzes made in light of our experience and our view of historical trends, current conditions, anticipated future developments and other factors that we believe to be appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments could differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements generally use the words “may,” “will,” “should,” “anticipate,” “anticipate,” “estimate,” “believe,” “intend,” “plan.” are identifiable by Continue,” or the negative of those words, or other similar words or terms.
The 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 could cause our actual results, performance or achievements to differ materially from future results, performance or achievements. can cause to vary. Implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ materially from those contained in the forward-looking statements include the 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 Contact
slgreen@berlinrosen.com
SLG FIN
Source: SL Green Realty Corp
