Vornado Completes $400 Million Refinancing of 350 Park Avenue Realizing $111 Million of Net Proceeds

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Dec 06 2016	Vornado Completes $400 Million Refinancing of 350 Park Avenue Realizing $111 Million of Net Proceeds
NEW YORK, NY--(Marketwired - December 05, 2016) - VORNADO REALTY TRUST (NYSE: VNO) announced today that it has completed a $400 million refinancing of 350 Park Avenue, a 571,000 square foot Manhattan office building. The ten-year interest-only loan matures in January 2027 and has a fixed rate of 3.92%. The Company realized net proceeds of approximately $111 million after repaying the existing 3.75% $284 million loan and closing costs.


Source:http://www.marketwired.com/mw/release.do?id=2180816&sourceType=3

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