Vornado Extends $375 Million Loan on 888 Seventh Avenue
May 28 2019 - 5:46PM
VORNADO REALTY TRUST (NYSE: VNO) announced today that it has
completed an extension of the $375 million loan on 888 Seventh
Avenue, an 886,000 square foot Manhattan office building. The
new amortizing loan matures in December 2025 and is at LIBOR plus
1.70% (fixed at 3.25% through December 2020).
Vornado Realty Trust is a fully-integrated
equity real estate investment trust.
CONTACT:JOSEPH MACNOW(212) 894-7000
Certain statements contained herein may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. For
a discussion of factors that could materially affect the outcome of
our forward-looking statements and our future results and financial
condition, see “Risk Factors” in Part I, Item 1A, of our Annual
Report on Form 10-K for the year ended December 31, 2018.
Such factors include, among others, risks associated with the
timing of and costs associated with property improvements,
financing commitments and general competitive factors.
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