Company: SLG-PI
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047886
Chunk: 87

Company: SL GREEN REALTY CORP
Filing Date: 2025-11-03
Form: 10-Q
Item: Item 1
Chunk 87
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 is one rating category, the applicable rating shall be the highest rating. In instances where there are more than two ratings and the difference between the highest and the lowest is two or more rating categories, then the applicable rating used is the average of the highest two, rounded down if the average is not a recognized category.As of September 30, 2025, the applicable spread over adjusted Term SOFR plus 10 basis points for the 2021 credit facility was 140 basis points for the revolving credit facility, 160 basis points for Term Loan A, and 180 basis points for Term Loan B. We are required to pay quarterly in arrears a 12.5 to 30 basis point facility fee on the total commitments under the revolving credit facility based on the credit rating assigned to the senior unsecured long term indebtedness of the Company. As of September 30, 2025, the facility fee was 30 basis points.As of September 30, 2025, we had $7.5 million of outstanding letters of credit, $390.0 million drawn under the revolving credit facility and $1.15 billion of outstanding term loans, with total undrawn capacity of $852.5 million under the 2021 credit facility. As of September 30, 2025 and December 31, 2024, the revolving credit facility had a carrying value of $387.4 million and $316.2 million, respectively, net of deferred financing costs. As of September 30, 2025 and December 31, 2024, the term loans had a carrying value of $1.1 billion and $1.1 billion, respectively, net of deferred financing costs.The Company and the Operating Partnership are borrowers jointly and severally obligated under the 2021 credit facility.The 2021 credit facility includes certain restrictions and covenants (see Restrictive Covenants below).

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Table of ContentsSL Green Realty Corp. and SL Green Operating Partnership, L.P.Notes to Consolidated Financial Statements (cont.)September 30, 2025(unaudited)

Senior Unsecured NotesThe following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2025 and December 31, 2024, respectively, by scheduled maturity date (dollars in thousands):IssuanceSeptember 30, 2025UnpaidPrincipalBalanceSeptember 30, 2025AccretedBalanceDecember 31, 2024AccretedBalance