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SL Green operating partnership nets $495M in notes offering

SL Green Realty Corp.'s operating partnership issued $500.0 million of 3.250% senior notes due Oct. 15, 2022, generating roughly $495.3 million in net proceeds.

The proceeds will go toward repaying the unit's outstanding 3.00% exchangeable senior notes due 2017. The remaining funds will be used for general corporate purposes, including repayment of existing debt.