SL Green Expands LOC to $1.25B

SL Green Realty Corp., a New York-based real estate investment trust, has announced the closing of modifications to its unsecured revolving credit facility, including an expansion from $800 million to $1.25 billion.The modifications also reduced the undisclosed interest rate on the four-year facility and eased certain financial and other restrictive covenants, the REIT reported. The facility is provided by Wachovia Capital Markets LLC and KeyBanc Capital Markets. SL Green, which specializes in acquiring, owning, and managing office properties in Manhattan, can be found online at http://www.slgreen.com.

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