Vornado Realty Trust, through its operating partnership Vornado Realty L.P., has amended and extended several of its key credit facilities. The maturity of its revolving credit facility was pushed from December 2027 to February 2031, with the available borrowing amount adjusted to $1.105 billion from $1.25 billion. The interest rate on this 2031 Revolving Credit Facility is now Term SOFR plus 105 basis points, with potential adjustments based on sustainability performance. In addition, Vornado extended its term loan maturity to February 2031 and increased the loan amount to $850 million, with an interest rate of Term SOFR plus 120 basis points. The company also raised the commitment on another unsecured revolving credit facility, maturing in April 2029, from $915 million to $1.0 billion. The joint lead arrangers and bookrunners for these facilities include JPMorgan Chase, BofA Securities, BMO Capital Markets, and others.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vornado Realty Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000899689-26-000003), on January 07, 2026, and is solely responsible for the information contained therein.
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