Press Release

Contact:

Joseph Macnow
Work(212) 894-7000
February 13, 2019

 

Vornado Completes $580 Million Refinancing of 100 West 33rd Street

NEW YORK…..VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $580 million refinancing of 100 West 33rd Street, a 1.1 million square foot property comprised of 859,000 square feet of office space and the 256,000 square foot Manhattan Mall.  The interest-only loan carries a rate of LIBOR plus 1.55% (currently 4.06%) and matures in April 2024, with two one-year extension options.

The loan replaces the previous $580 million loan that bore interest at LIBOR plus 1.65% and was scheduled to mature in July 2020.

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