NEW YORK, March 19, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it has refinanced, extended and reduced the overall cost of $2.0 billion of its $2.4 billion corporate credit facility.

The existing revolving line of credit component of the facility has been maintained at $1.25 billion, the maturity date has been extended to June 2031, inclusive of as-of-right extension options, and the borrowing cost was reduced by 25 basis points to 125 basis points over SOFR based on the Company's current credit rating.  

The existing $1.05 billion term loan component of the facility has been bifurcated, resulting in a new $750 million term loan with a maturity date of June 2031 and a borrowing cost that has been reduced by 25 basis points to 145 basis points over SOFR, based on the Company's current credit rating. The remaining $300 million of the term loan with a maturity date of May 2027 will continue to be outstanding on its current terms.

The existing $100 million term loan component of the facility with a maturity date of November 2026 will also remain outstanding on its current terms.

"The refinancing of our credit facility is another meaningful step forward in the execution of our $7.0 billion 2026 financing plan. The strength of the Midtown Manhattan office leasing market, coupled with the credit quality of our portfolio and our platform, continues to attract the support of the world's highest quality financial ...