Vornado Realty to redeem all $450 million 2.5% notes via new issue

By Sarah Lizee

Olympia, Wash., Dec. 12 – Vornado Realty LP plans to fully redeem its $450 million of 2.5% senior notes due 2019 using the proceeds from a new issue of notes due 2025, according to a 424B5 filing with the Securities and Exchange Commission.

The company will also use cash on hand to fund the redemption.

The real estate investment trust is based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.