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SL Green plans to offer three-year floating-rate notes
By Devika Patel
Knoxville, Tenn., July 26 – SL Green Operating Partnership, LP intends to price floating-rate notes due 2021, according to a 424B5 filed with the Securities and Exchange Commission.
The notes are guaranteed by SL Green Realty Corp. and Reckson Operating Partnership, LP.
The notes are callable at par beginning in 2019.
Deutsche Bank Securities Inc., BMO Capital Markets Corp. and TD Securities (USA) LLC are the bookrunners.
Proceeds will be used to repay the company’s 5% senior notes due 2018 and for general corporate purposes, including repaying other debt.
The real estate investment trust for retail and commercial properties is based in Escondido, Calif.
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