The Real Deal Miami

SL Green to buy back $100M in notes

November 29, 2012 03:00PM

Real estate investment trust SL Green will buy back about $100 million in notes as part of a larger refinancing effort, Globe St. reported.

The notes, issued by its subsidiary Reckson Operating Partnership LP, come due in 2014. SL Green is offering$1,035 per $1,000 of its 5.875 percent notes and $1,080 per $1,000 of 6 percent notes, Globe Street said. JP Morgan Securities and Wells Fargo Securities are managing the deal.

The buyback offer follows the REIT’s announcement last week that it had closed on a new $1.6-billion credit facility which will refinance a $1.2 billion revolving line of credit and a $400 million term loan, Globe St. said. [Globe St.] –Guelda Voien