By Business Wire, October 28, 2013, 04:14:00 PM EDT
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp. (the "Company") (NYSE:SLG) announced today an
underwritten public offering of 2,600,000 shares of its common stock,
par value $0.01 per share (the "Common Stock"). In connection with the
offering, the Company intends to grant the underwriter an option for 30
days to purchase up to an additional 390,000 shares of Common Stock.
The Company intends to use net proceeds from the offering for general
corporate purposes, which may include new investments and repayment of
outstanding indebtedness of the Company and its subsidiaries.
Citigroup is serving as the sole underwriter of the offering.
This offering is being made pursuant to an effective shelf registration
statement filed with the Securities and Exchange Commission (the "SEC")
on December 21, 2012 and only by means of a prospectus. Copies of these
documents may be obtained by contacting Citigroup, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717
(telephone: (800) 831-9146).
This press release is not an offer to sell, nor a solicitation of an
offer to buy securities, nor shall there be any sale of these securities
in any state or jurisdiction in which the offer, solicitation or sale
thereof would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction.
SL Green Realty Corp., New York City's largest office landlord, is the
only fully integrated real estate investment trust, or REIT, that is
focused primarily on acquiring, managing and maximizing value of
Manhattan commercial properties. As of September 30, 2013, SL Green
owned interests in 89 Manhattan properties totaling 42.3 million square
feet. This included ownership interests in 23.9 million square feet of
commercial properties and debt and preferred equity investments secured
by 14.9 million square feet of properties. In addition to its Manhattan
investments, SL Green holds ownership interests in 31 suburban assets
totaling 5.4 million square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey, along with three development
properties in the suburbs encompassing approximately 0.4 million square
feet. The Company also has ownership interests in 28 properties totaling
3.7 million square feet in southern California.
This press release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be covered
by the safe harbor provisions thereof. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that we expect, believe or
anticipate will or may occur in the future, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance and we caution you not to place undue reliance on such
statements. Forward-looking statements are generally identifiable by the
use of the words "may," "will," "should," "expect," "anticipate,"
"estimate," "believe," "intend," "project," "continue," or the negative
of these words, or other similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are beyond
our control, that may cause our actual results, performance or
achievements to be materially different from future results, performance
or achievements expressed or implied by forward-looking statements made
by us. Factors and risks to our business that could cause actual results
to differ from those contained in the forward-looking statements are
described in our filings with the SEC. We undertake no obligation to
publicly update or revise any forward-looking statements, whether as a
result of future events, new information or otherwise.
Source: SL Green Realty Corp.