Vornado Realty L.P., the operating partnership of Vornado Realty Trust, completed a public offering of $500 million aggregate principal amount of 5.75% Senior Unsecured Notes due 2033.
The net proceeds of $495 million will be used by Vornado Realty L.P. to repay at maturity its $400 million 2.15% Senior Unsecured Notes due June 1, 2026. The remainder will be allocated for general corporate purposes.
Vornado Realty Trust, a Maryland real estate investment trust, is one of the largest owners and managers of commercial real estate in the United States.
The S&C team included Bill Farrar and Daniel Fradin. Davis Wang, Tessa Lee, Michael Orchowski, Stephen Profeta and Jackson Mariotti advised on tax matters.