05:23 PM EST, 11/21/2024 (MT Newswires) -- SL Green Realty ( SLG/PI ) disclosed late Thursday the beginning of a $400 million underwritten public offering of its common stock.

The company said it intends to grant the underwriters a 30-day option to purchase additional shares for up to $60 million.

The company plans to use the net proceeds for general corporate purposes, including new debt and equity investment opportunities and partial repayment of debt.

Shares of the company fell 1.5% in after-hours activity.

Price: 78.00, Change: -1.15, Percent Change: -1.45