| SL Green Realty Corp. | |||
| Ticker: | SLG | 70 West 36th Street | |
| Exchange: | New York Stock Exchange | New York, NY 10018 | |
| Industry: | Financial (SIC Code 6798) | ||
| Type of Shares: | Common Shares | Filing Date: | 6/16/97 | |
| U.S. Shares: | 10,100,000 | Offer Date: | 8/14/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $19.00 - $21.00 | |
| Primary Shares: | 10,100,000 | Offer Price: | $21.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.31 | |
| Offering Amount: | $202,000,000 | Selling: | $0.79 | |
| Expenses: | $5,600,000 | Reallowance: | $0.10 | |
| Shares Out After: | 9,659,000 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 526-8100 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Issuer's Law Firm: | Brown & Wood |
| Bank's Law Firm: | Rogers & Wells |
| Auditor: | Ernst & Young |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | 3/31/96 | 3/31/97 | ||
| Revenue: | $10.18 | $3.97 | $2.31 | Assets: | $30.52 |
| Net Income: | -$0.71 | $1.12 | -$0.49 | Curr Assets: | |
| EPS: | Liabilities: | $38.08 | |||
| Prior EPS: | $0.77 | Curr Liabilities: | |||
| Cash Flow/Oper: | Equity: | -$7.56 | |||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company has been formed for the purpose of continuing the commercial real estate business of SL Green. For more than 17 years, SL Green has been engaged in the business of owning, managing, leasing, acquiring and repositioning Class B office properties in Manhattan. Upon completion of the Offering, the company will own or have contracted to acquire interests in eight Class B office properties encompassing approximately 1.9 million rentable square feet located in midtown Manhattan and will manage 28 office properties encompassing approximately 6.1 million rentable square feet. Of these Properties, interests in six office Properties encompassing approximately 1.2 million rentable square feet are currently owned and managed by SL Green and interests in two office Properties encompassing approximately 700,000 rentable square feet will be acquired upon completion of the Offering. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay mortgage indebtedness, to acquire interests in the Properties, to pay Formation Transaction expenses and to repay outstandings under the LBHI Loan. |