other material
confidence high
sentiment neutral
materiality 0.70
SL Green closes $386.3M common stock offering; proceeds for corporate purposes
SL GREEN REALTY CORP
- Sold 5,063,291 shares of common stock at $79.00 per share in underwritten public offering.
- Net proceeds estimated at ~$386.3M ($444.3M if underwriters exercise full 30-day option for 759,493 additional shares).
- Underwriters include Wells Fargo, J.P. Morgan, TD Securities, BMO Capital Markets, and Deutsche Bank.
- Proceeds to be contributed to operating partnership for general corporate purposes, including investments and debt repayment.
- Company granted underwriters customary 30-day over-allotment option.