Business

Vornado Extends Maturities of $2 Billion of Revolving Credit Facility and Term Loan

NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed the following refinancings, totaling over $2.0 billion: 2031 Revolving Credit Facility – Vornado Realty L.P. extended the maturity date of this revolving credit facility from December 2027 to February 2031 (as fully extended). This $1.105 billion facility currently bears interest at a rate of SOFR plus 1.05% and has a facility fee of 0.25%Term Loan - Vornado Realty L.P. concurrently

articleVornado Realty TrustJanuary 7, 20263/company/vornado-realty-trust/news/vornado-extends-maturities-2-billion-222000858
Vornado Extends Maturities of $2 Billion of Revolving Credit Facility and Term Loan

About this update from Vornado Realty Trust

[{"type":"image","alt":"Vornado Realty Trust","displaySize":"","headline":null,"caption":"Vornado Realty Trust","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":53,"url":"https://media.zenfs.com/en/globenewswire.com/9c7daaa9253c5346a3399932decf48dd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/USnU.wY63i4oDqdP6WmUwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc0O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/9c7daaa9253c5346a3399932decf48dd","width":300,"height":53}},"lazy":false},{"type":"text","content":"NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) --","length":43,"tagName":"p"},{"type":"text","content":"Vornado Realty Trust (NYSE:VNO) announced today that it has completed the following refinancings, totaling over $2.0 billion:","length":125,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"2031 Revolving Credit Facility – Vornado Realty L.P. extended the maturity date of this revolving credit facility from December 2027 to February 2031 (as fully extended). This $1.105 billion facility currently bears interest at a rate of SOFR plus 1.05% and has a facility fee of 0.25%","length":290,"tagName":"p"}]},{"val":[{"type":"text","content":"Term Loan - Vornado Realty L.P. concurrently extended the maturity date of its unsecured term loan from December 2027 to February 2031 (as fully extended) and upsized the loan amount to $850 million. The term loan currently bears interest at a rate of SOFR plus 1.20%.","length":268,"tagName":"p"}]},{"val":[{"type":"text","content":"2029 Revolving Credit Facility – In addition, Vornado Realty L.P. upsized this revolving credit facility that matures in April 2029 (as fully extended) by $85 million to $1.0 billion. This facility currently bears interest at a rate of SOFR plus 1.16% and a facility fee of 0.24%.","length":280,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":838,"olType":false},{"type":"text","content":"The joint lead arrangers and joint bookrunners for the extended facilities are JPMorgan Chase Bank, N.A., BofA Securities, Inc., BMO Capital Markets Corp., PNC Capital Markets LLC, U.S. Bank National Association, and Wells Fargo Securities LLC.  JPMorgan Chase Bank, N.A. serves as Administrative Agent. J.P. Morgan Securities LLC serves as Lead Sustainability Structuring Agent, and ING Capital LLC serves as Sustainability Struct...

More updates from Vornado Realty Trust

Vornado Realty TrustRevolving Credit FacilityJPMorgan Chase BankTerm LoanVornado Realty L.P.New York BranchU.S. Bank National AssociationCitizens Bank