Vornado Prices Public Offering of $500 Million of 7-Year Bonds

Core Viewpoint - Vornado Realty Trust has announced a $500 million offering of senior unsecured notes with a 5.75% interest rate, aimed at refinancing existing debt and supporting general corporate purposes [1]. Group 1: Offering Details - The offering consists of $500 million aggregate principal amount of 5.75% senior unsecured notes due February 1, 2033, priced at 99.824% of their face amount to yield 5.78% [1]. - Interest on the notes will be paid semiannually, starting August 1, 2026 [1]. - The net proceeds of approximately $494 million will be used to repay $400 million of unsecured notes due June 1, 2026, with the remainder allocated for general corporate purposes [1]. Group 2: Management and Underwriters - The offering is managed by a consortium of financial institutions including BofA Securities, PNC Capital Markets, and Wells Fargo Securities, among others [2]. - Co-managers for the offering include Cabrera Capital Markets, ING Financial Markets, and Standard Charter Bank [2]. Group 3: Regulatory Information - The offering is conducted under Vornado Realty L.P.'s shelf registration statement filed with the SEC on April 1, 2024, and is accompanied by a prospectus supplement dated January 7, 2026 [3]. - A copy of the prospectus supplement and accompanying prospectus can be obtained through specified financial institutions [3]. Group 4: Company Overview - Vornado Realty Trust is identified as a fully-integrated equity real estate investment trust [4].