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 ...

NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that it has completed a $120 million refinancing of 4 Union Square South, a 204,000 square foot Manhattan retail property. The ten-year interest only loan has a fixed rate of 5.64%. The loan replaces the previous $120 million loan that bore interest at SOFR plus 1.50% (5.85% as of August 11, 2025) and was originally scheduled to mature in August 2025. Vornado Realty Trust is a fully-integrated equity real estate inv ...