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.