Company: SLG-PI
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001040971-25-000022
Chunk: 73

Company: SL GREEN REALTY CORP
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 73
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Senior Unsecured NotesThe following table sets forth our senior unsecured notes and other related disclosures as of March 31, 2025 and December 31, 2024, respectively, by scheduled maturity date (dollars in thousands):IssuanceMarch 31, 2025UnpaidPrincipalBalanceMarch 31, 2025AccretedBalanceDecember 31,2024AccretedBalanceInterestRate (1)Initial Term(in Years)Maturity DateDecember 17, 2015 (2)$100,000 $100,000 $100,000 4.27 %10December 2025$100,000 $100,000 $100,000 Deferred financing costs, net— (77)(103)$100,000 $99,923 $99,897 (1)Interest rate as of March 31, 2025.(2)Issued by the Company and the Operating Partnership as co-obligors in a private placement.

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)March 31, 2025(unaudited)

Restrictive CovenantsThe terms of the 2021 credit facility and our senior unsecured notes include certain restrictions and covenants which may limit, among other things, our ability to pay dividends, make certain types of investments, incur additional indebtedness, incur liens and enter into negative pledge agreements and dispose of assets, and which require compliance with financial ratios relating to the maximum ratio of total indebtedness to total asset value, a minimum ratio of EBITDA to fixed charges, a maximum ratio of secured indebtedness to total asset value and a maximum ratio of unsecured indebtedness to unencumbered asset value. The dividend restriction referred to above provides that we will not, during any time when a default is continuing, make distributions with respect to common stock or other equity interests, except to enable the Company to continue to qualify as a REIT for Federal income tax purposes. As of March 31, 2025 and December 31, 2024, we were in compliance with all such covenants.Junior Subordinated Deferrable Interest DebenturesIn June 2005, the Company and the Operating Partnership issued $100.0 million in unsecured trust preferred securities through a newly formed trust, SL Green Capital Trust I, or the Trust, which is a wholly-owned subsidiary