SL Green Realty Corp. (NYSE:SLG) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Reckson Operating Partnership, L.P. (“Reckson”) is a wholly-owned subsidiary of SL Green Realty Corp. (the “Company”) and the Company’s operating partnership, SL Green Operating Partnership, L.P. (“SL Green OP” and together with the Company, the “Remaining Co-Obligors”). In connection with the release of Reckson from its obligations under the Indentures and Notes (each as defined below) in accordance with the contractual provisions contained in each agreement, on December 28, 2018, the Remaining Co-Obligors and Reckson, as applicable, entered into supplemental indentures (the “Supplemental Indentures”) to each of the Indentures providing for (i)the assumption (the “Assumption”) by SL Green OP of the due and punctual payment of the principal of, any premium and interest on all the Notes and the performance of every covenant of the Indentures on the part of Reckson to be performed or observed and (ii)the release (the “Release”) of Reckson from all obligations and covenants under the Indentures and the Notes.
The Assumption and Release were in respect of:
The descriptions of the Indentures and the Supplemental Indentures contained in this report are qualified in their entirety by reference to the complete text of the applicable agreements. A copy of the 2020 Notes Indenture was previously filed with the Securities and Exchange Commission (the “Commission”) as Exhibit4.1 to the Company’s Current Report on Form8-K on March17, 2010 and is incorporated herein by reference. Copies of the Base Indenture and the Second Supplemental Indenture were previously filed with the Commission as Exhibits 4.1 to the Company’s Current Reports on Form8-K on August5, 2011 and November15, 2012, respectively, and are incorporated herein by reference. Copies of the Supplemental Indentures are filed as Exhibits 4.1 and 4.2, respectively, to this report and are incorporated herein by reference.
Item 8.01. Other Events.
Contemporaneously with the Release, Reckson’s guarantees of its obligations under the following agreements were released according to their respective terms:
· the indenture, dated as of October5, 2017, between SL Green OP and the Trustee, as amended by the first supplemental indenture, dated as of October5, 2017, and the second supplemental indenture, dated as of August7, 2018, each among the Remaining Co-Obligors, Reckson and the Trustee, to which the 3.250% Senior Notes due 2022 and the Floating Rate Notes due 2021 were issued; and
RECKSON OPERATING PARTNERSHIP LP Exhibit
EX-4.1 2 a18-42181_1ex4d1.htm EX-4.1 Exhibit 4.1 SL GREEN REALTY CORP. SL GREEN OPERATING PARTNERSHIP,…
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About SL Green Realty Corp. (NYSE:SLG)
SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. It operates through two segments: real estate, and debt and preferred equity investments. It owns or holds interests in approximately 30 consolidated and over five unconsolidated commercial office buildings encompassing approximately 21.0 million rentable square feet and approximately 3.0 million rentable square feet, for a total of over 24.0 million rentable square feet, located primarily in midtown Manhattan. It invests in well-collateralized debt and preferred equity investments. It manages an office building owned by a third-party encompassing over 336,000 square feet and holds debt and preferred equity investments.