SL Green, PGIM Boost Strength With Refinancing of 11 Madison Avenue

Key Takeaways SL Green and PGIM closed a $1.4B, five-year, fixed-rate refinancing of 11 Madison Avenue.The new loan replaces prior debt with a hedged coupon rate of 5.592% for SL Green's portion.93% leased, the 30-story office tower features top tenants and is home to Eleven Madison Park.SL Green Realty Corp. (SLG) , with its joint venture partner, PGIM, recently announced completion of a$ 1.4 billion, five-year, fixed-rate refinancing of 11 Madison Avenue.The new mortgage carries a coupon rate of 5.625%, w ...