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Published on 8/23/2012 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

SL Green Realty calls $100 million of its 7.625% series C preferreds

By Tali David

Minneapolis, Aug. 23 - SL Green Realty Corp. plans to redeem 4 million of its 11.7 million shares of 7.625% series C cumulative redeemable preferred stock, according to a press release.

The preferreds will be redeemed at $25 per share, or $100 million total, plus $0.3707 of accumulated dividends on Sept. 24.

SL Green is a New York-based real estate investment trust specializing in Manhattan office properties.


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