Vornado Boosts Strength With Refinancing of 4 Union Square South

Key Takeaways Vornado completed a $120M refinancing for its Manhattan retail property, 4 Union Square South.The 10-year loan carries a fixed 5.64% interest rate, replacing SOFR plus 1.50% loan maturing in August 2025.The refinancing extends maturities, enhancing Vornado's liquidity and overall financial flexibility.Vornado Realty Trust, Inc. (VNO) announced that it has completed a refinancing of $120 million for 4 Union Square South, a Manhattan retail property encompassing 204,000 square feet of space.The ...