Vornado Extends Maturities of $2 Billion of Revolving Credit Facility and Term Loan

Core Insights - Vornado Realty Trust has completed refinancings totaling over $2.0 billion, which includes extending the maturity dates of various credit facilities and increasing loan amounts [1][4] Financing Details - The 2031 Revolving Credit Facility has been extended from December 2027 to February 2031, with a total amount of $1.105 billion, bearing interest at SOFR plus 1.05% and a facility fee of 0.25% [4] - The Term Loan has been extended to February 2031 and upsized to $850 million, currently bearing interest at SOFR plus 1.20% [4] - The 2029 Revolving Credit Facility has been upsized by $85 million to a total of $1.0 billion, maturing in April 2029, with an interest rate of SOFR plus 1.16% and a facility fee of 0.24% [4] Company Overview - Vornado Realty Trust is identified as a fully-integrated equity real estate investment trust [2]