Sep
22
Goldman Sachs to Extend Maturity Date of Headquarter Bonds
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New York Liberty Development Corp. issuing $22 million of debt
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Goldman initially borrowed $1.3 billion in 2005 for new tower
Goldman Sachs Group Inc. is extending the life of some debt that financed its downtown Manhattan headquarters.
The New York Liberty Development Corp. plans to issue $22 million of tax-free debt on behalf of a Goldman Sachs subsidiary that funded construction of the firm’s 1.9 million-square-foot building at 200 West Street. The 20-year bonds will be tacked onto its outstanding $1.24 billion of securities due in 2035 that were sold 10 years ago. Proceeds will pay off owners of obligations that mature Oct. 1, according to offering documents…