Press Release

Contact:

Joseph Macnow
Work(212) 894-7000
August 13, 2018

Vornado Completes $120 Million
Refinancing of 4 Union Square South

NEW YORK…..VORNADO REALTY TRUST (NYSE:VNO) announced today that it has completed a $120 million refinancing of 4 Union Square South, a 206,000 square foot Manhattan retail property.  The interest-only loan carries a rate of LIBOR plus 1.40% (currently 3.47%) and matures in 2025, as extended.

The loan replaces the previous $113 million of indebtedness that bore interest at LIBOR plus 2.15% and was scheduled to mature in 2019.

Vornado Realty Trust is a fully integrated equity real estate investment trust.