Vornado Completes $800 Million Refinancing of 650 Madison Avenue
Vornado Realty Trust (VNO)
Last vornado realty trust earnings: 2/18 04:38 pm
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Source: GlobeNewswire
NEW YORK, Dec. 02, 2019 (GLOBE NEWSWIRE) -- VORNADO REALTY TRUST (NYSE: VNO) announced today that its 20.1% owned joint venture has completed an $800 million refinancing of 650 Madison Avenue, a 600,000 square foot Manhattan office and retail property. The ten-year interest only loan carries a fixed rate of 3.486% and matures in December 2029. The loan replaces the previous $800 million loan that bore interest at a fixed rate of 4.39% and was scheduled to mature in October 2020. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT:JOSEPH MACNOW(212) 894-7000 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,
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- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Vornado Realty Trust (NYSE:VNO) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Vornado Realty Trust (NYSE:VNO) was upgraded by analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating. They now have a $41.00 price target on the stock.MarketBeat
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