SL Green Realty Corp. (SLG) has announced the pricing of an underwritten public offering, comprising approximately 5.06 million shares of its common stock, each with a par value of $0.01. These shares are being offered to the public at a price of $79.00 per share.
As part of this offering, SL Green Realty has extended an option to the underwriters, allowing them to purchase up to an additional 759,493 shares of common stock within the next 30 days. The closing of this offering is anticipated to occur on November 25, 2024, contingent upon standard closing conditions being met.
The company intends to allocate the net proceeds from this offering towards general corporate purposes. This may encompass new debt and equity investment opportunities as well as the repayment of a portion of its outstanding debts.