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SL Green and Vornado refinance 280 Park Avenue

May 18, 2016 4:13 PM ETSL Green Realty Corp. (SLG) StockBy: Stephen Alpher, SA News Editor1 Comment
  • 280 Park Avenue is a 1.25M square-foot office building owned by NYSE:SLG and VNO in a joint venture.
  • The new $900M loan at Libor +2% (currently 2.44%) replaces one for $721M with a rate of 6.35%.
  • The refinance follows the $150M renovation of the property.
  • Source: Press Release

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