SL Green Realty is offering an underwritten public offering of approximately 5.06 million shares at $79.00/shr

(RTTNews) – SL Green Realty Corp. (SLG) announced that it has priced an underwritten public offering of approximately 5.06 million shares of its common stock, par value $0.01 per share, at a public price of $79.00 per share .

In connection with the offering, the Company has granted the underwriters an option to purchase up to 759,493 additional shares of its common stock over the next 30 days. The offering is expected to close on November 25, 2024, subject to customary closing conditions.

The Company plans to use the net proceeds from the offering for general corporate purposes, which may include new debt and equity investment opportunities and the repayment of a portion of its outstanding debt.

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