secwatch.observer — SEC 8-K summary
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Issuer:     SL GREEN REALTY CORP (SLG)
CIK:        0001040971
Form:       8-K
Filed at:   2021-12-08T23:59:59+00:00
Accession:  0001104659-21-147629
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040971/000110465921147629/0001104659-21-147629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040971/000110465921147629/tm2134775d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-147629

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer