SL Green issues 172,809 Series X Preferred Units tied to property acquisition
SL Green Realty Corp., as general partner of SL Green Operating Partnership, L.P., entered into a thirty-first amendment to the partnership agreement on October 31, 2025 covering the issuance of 172,809 Series X Preferred Units. The units were issued as part of the consideration for the acquisition of ownership interests in certain commercial real estate property, and they may convert into common units and, in certain circumstances, be redeemed for company common stock.
Key points
- 172,809 Series X Preferred Units issued, each with a $25.00 liquidation preference
- Initial conversion price of $80.00 per common unit
- Cumulative quarterly distribution of 3.00% of the liquidation preference per year
- Units issued without registration under Section 4(a)(2) of the Securities Act of 1933
The filing
Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.