Real Money: SL Green Lines Up $1.5 Bil

SL Green Realty Corp. in New York closed on a $ 1.5 billion unsecured revolving credit facility, which refinances the company’s previous $ 1.5 billion unsecured revolving credit facility that was set to mature in June 2012. The new investment grade facility currently bears interest at 150 basis points over LIBOR. The facility matures in November 2016, inclusive of the company’s one-year as of right extension option and features a more flexible structure…
South Florida Commercial Real Estate News From CoStar Group