PARAMUS, NJ--(Marketwired - November 02, 2015) - VORNADO REALTY TRUST (
This facility together with the previously announced $950 million development loan made by The Bank of China provides the funding for Vornado's 220 Central Park South development.
The lead arrangers and bookrunners for the facility are J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Bank, National Association, Societe Generale, U.S. Bank National Association and Wells Fargo Bank, N.A.
This $750 million unsecured term loan facility is in addition to Vornado's undrawn $2.5 billion revolving credit facilities.
Vornado Realty Trust is a fully integrated equity real estate investment trust.
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. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.
Contact Information:
CONTACT:
STEPHEN THERIOT
(201) 587-1000