Vornado Raises $500M in 5.75% Notes, Acquires $141M Plaza District Site
Vornado Realty Trust priced $500M of 5.75% senior unsecured notes due Feb. 1, 2033, at 99.824% to yield 5.78%, raising ~$494M to repay $400M maturing June 2026 and for corporate purposes. It also acquired an 18,400 sq ft Plaza District site at 3 East 54th Street for $141M, crediting a $107M mortgage.
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