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Vornado Announces Pricing of Public Offering of $300 Million 4 45% Series O Cumulative Redeemable Preferred Shares and Calls for Redemption All of its $300 Million 5 70% Series K Cumulative Redeemable Preferred Shares
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MIL-OSI: Vornado Announces Second Quarter Earnings Release Date and Conference Call Information
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Vornado Completes $1.2 Billion Refinancing of 555 California Street
Vornado Realty TrustMay 10, 2021 GMT
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $1.2 billion refinancing of 555 California Street, a three building 1.8 million square foot trophy office campus in San Francisco. The interest only loan bears a rate of LIBOR plus 1.93% in years one through five, LIBOR plus 2.18% in year six and LIBOR plus 2.43% in year seven. The loan matures in May 2028, as fully extended. Vornado swapped its share of the loan for the first three years to a fixed rate of 2.26%.
Vornado Declares Quarterly Dividends On Preferred Shares
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