Vornado Realty Trust has completed four refinancing deals totaling $3.2B, replacing loans for two Manhattan office buildings encompassing a total of 2.2M SF and extending the terms of a revolving line of credit and an unsecured term loan.
More than a dozen banks were involved in the refinancing deals, including JPMorgan Chase, Bank of America, US Bank, Well Fargo, Citigroup, Deutsche Bank and TD Securities.
The REIT secured $480M from US Bank to refinance 100 W. 33rd St. in the Chelsea neighborhood of Manhattan, a building Vornado acquired in 2007—when it was known as Manhattan Mall—for $689M.
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