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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 2:24 AM

Slide #413. SL Green Realty Corp. Preferred Stock Offering

Company: SL Green Realty Corp. (NYSE:SLG)
Underwriters: Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC
Shares Offered: 8,000,000
Date of Pricing: 8/7/2012
Price Per Share: $25.00
Preferred Stock Offering Details: SL Green Realty Corp. announced that it priced an underwritten public offering of 8,000,000 shares of its 6.50% Series I Cumulative Redeemable Preferred Stock (the "Series I Preferred Stock"). The shares of Series I Preferred Stock will have a liquidation preference of $25.00 per share. The Company has granted the underwriters an option to purchase up to an additional 1,200,000 shares of Series I Preferred Stock during the next 30 days solely to cover over-allotments, if any. The offering is expected to close on August 10, 2012, subject to customary closing conditions. The Company expects the estimated net offering proceeds, before expenses, to be $193.7 million (or $222.8 million if the underwriters exercise their over-allotment option in full).

SL Green Realty 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. As of Dec 31 2016, Co. owned interests in properties in the New York Metropolitan area, primarily in midtown Manhattan. Co.'s investments in the New York Metropolitan area also include investments in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. As of Dec 31 2016, Co. had 65 consolidated commercial properties and 23 unconsolidated commercial properties; and three consolidated residential properties and 18 unconsolidated residential properties.

Preferreds: SLG.PRI, SLG.PRC

Open the SLG Page at Ru Back Packer »

Name: SL Green Realty Corp
Sector: REITs
Number of ETFs Holding SLG: 77 (see which ones)
Total Market Value Held by ETFs: $1,982,345,524
Total Market Capitalization: $9,676,000,000
% of Market Cap. Held by ETFs: 20.49%

Open the SLG Page at Ru Back Packer (in a new window) »

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