SL Green buys back $115.4 million of 4% exchangeables so far this year

By Angela McDaniels

Tacoma, Wash., July 26 - SL Green Realty Corp. has repurchased approximately $102.2 million of its 4% exchangeable senior debentures due 2025 since the beginning of the year, according to its earnings release for the second quarter.

This figure excludes the $13,195,000 principal amount of exchangeables purchased in a tender offer that expired April 7. When the tender offer is included, the total amount of exchangeables purchased in the first half of the year is $115,395,000.

Approximately $660,000 principal amount of the exchangeables remains outstanding.

In its earnings release for the first quarter, the company said it had repurchased approximately $34.6 million of the exchangeables since the start of the year, including those purchased in the tender offer.

SL Green is a New York-based real estate investment trust focused on Manhattan office properties.

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