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Prospect News home > News index > List of issuers R > Headlines for Reckson Operating Partnership LP > News item
Published on 3/17/2010 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News High Yield Daily.

Fitch rates Reckson notes BB+

Fitch Ratings said it assigned a BB+ rating to the $250 million 7.75% senior unsecured notes due March 15, 2020 offered by Reckson Operating Partnership, LP, a wholly owned subsidiary of SL Green Operating Partnership, LP.

SL Green OP and SL Green Realty Corp. are co-obligors.

The outlook is stable.

Proceeds will be used to fund SL Green Realty Corp.'s concurrent tender offer for certain outstanding notes of Reckson and SL Green OP. Any remaining proceeds will be used for general corporate purposes.


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