SL Green Extends Mortgage on 220 East 42nd Street
SLGSL Green(SLG) Newsfilter·2024-07-30 19:30

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that, together with its joint venture partner, it has closed on a modification and extension of the mortgage on 220 East 42nd Street. The modification included a paydown of the principal balance by 9.0millionto9.0 million to 496.4 million and extended the maturity date by more than three years from July 2024 to December 2027. The interest rate was maintained at 2.75% over term SOFR, which ...