SL Green refinances $2.5B credit facility; extends maturities to 2027, lowers spreads to 85-100 bps over SOFR

SL GREEN REALTY CORP

$1.05B term loan A and $1.25B revolver mature May 2027; revolver includes two six-month extensions.
Current borrowing cost reduced to 85 bps (revolver), 95 bps (term loan A), 100 bps (term loan B) over adjusted SOFR.
Facility size cut by $250M each on revolver and term loan A, aligning with $3.2B equity reduction via asset sales.
$200M term loan B matures November 2024 unchanged; total facility capacity can be increased to $4.5B.
Sustainability component allows up to 2 bps pricing improvement based on third-party sustainability rating.

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