Company Overview of Vornado Realty L.P.
Vornado Realty L.P. engages in the ownership and operation of office, retail, and showroom properties in the United States. As of December 31, 2007, it owned 28 office properties in the New York City metropolitan area, and 83 office properties in the Washington, DC and Northern Virginia areas; 177 retail properties; 9 merchandise mart properties; and 90 cold storage warehouses, as well as 588 toy stores and 259 Babies ‘R’ Us stores in the United States, and 505 toy stores internationally. The company also has investments in 7 properties in the greater New York metropolitan area; the Hotel Pennsylvania in New York City; 6 dry warehouse/industrial properties in New Jersey covering approximatel...
888 Seventh Avenue
New York, NY 10019
Key Executives for Vornado Realty L.P.
Chairman of Vornado Realty Trust, Chief Executive Officer of Vornado Realty Trust and Chairman of Executive Committee
President of Charles E Smith Commercial Realty
President of the New York City Office Division - Vornado Realty Trust - General Partner
President of Merchandise Mart Division - Vornado Realty Trust - General Partner
Executive Vice President of Capital Markets - Vornado Realty Trust - General Partner
Compensation as of Fiscal Year 2016.
Vornado Realty L.P. Key Developments
Vornado Realty L.P. Extends $1.25 Billion of Revolving Credit Facilities to February 2021
Nov 7 16
Vornado Realty Trust announced that Vornado Realty L.P., the operating partnership through which the trust conducts its business, has extended one of its two $1.25 billion unsecured revolving credit facilities from June 2017 to February 2021. The interest rate on the extended facility was lowered from LIBOR plus 115 basis points to LIBOR plus 100 basis points. The facility fee remains at 20 basis points. Vornado's second revolving credit facility of $1.25 billion matures in November 2018, with two 6-month extension options.
Vornado Realty Enters into $750 Million Unsecured Term Loan Facility
Nov 2 15
Vornado Realty Trust announced that Vornado Realty L.P has entered into an unsecured delayed-draw term loan facility in the maximum amount of $750 million. The facility matures in October 2018 with two one-year extension options. The interest rate is LIBOR plus 115 basis points with a fee of 20 basis points per annum on the unused portion. At closing, Vornado drew $187.5 million. The facility provides that the maximum amount available is twice the amount outstanding on April 29, 2016, limited to $750 million, and all draws must be made by October 2017. This facility together with the previously announced $950 million development loan made by The Bank of China provides the funding for Vornado's 220 Central Park South development. This $750 million unsecured term loan facility is in addition to Vornado's undrawn $2.5 billion revolving credit facilities.
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