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July 30, 2015 8:23 AM ET

Capital Markets

Company Overview of Vornado Realty L.P.

Company Overview

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

United States

4,503 Employees

Phone:

212-894-7000

Key Executives for Vornado Realty L.P.

Chairman of Vornado Realty Trust, Chief Executive Officer of Vornado Realty Trust and Chairman of Executive Committee
Age: 73
President of Vornado Realty Trust- General Partner, Trustee of Vornado Realty Trust - General Partner and Member of Executive Committee
Age: 58
President of Charles E Smith Commercial Realty
Age: 56
President of the New York City Office Division - Vornado Realty Trust - General Partner
Age: 63
President of Merchandise Mart Division - Vornado Realty Trust - General Partner
Age: 51
Compensation as of Fiscal Year 2015.

Vornado Realty L.P. Key Developments

Vornado Realty L.P. Extends One of its Two $1.25 Billion Unsecured Revolving Credit Facilities

Vornado Realty L.P. has extended one of its two $1.25 billion unsecured revolving credit facilities from November 2015 to November 2018 with two six-month extension options. The interest rate on the extended facility was lowered from LIBOR plus 125 basis points to LIBOR plus 105 basis points and the facility fee was reduced from 25 to 20 points. Vornado's second revolving credit facility of $1.25 billion matures in June 2017 with two six-month extension options. The lead arrangers and bookrunners for the facility are J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated. JPMorgan Chase Bank, N.A. serves as Administrative Agent. Bank of America, N.A. serves as Syndication Agent. Barclays Bank plc; Citibank, N.A.; Deutsche Bank Securities Inc.; Goldman Sachs Bank USA; Mizuho Bank Ltd.; Morgan Stanley Bank, N.A.; The Royal Bank of Scotland plc; UBS Securities LLC; U.S. Bank National Association and Wells Fargo Bank, National Association, serve as Documentation Agents.

Vornado Realty L.P.(NYSE:VNOD.CL) dropped from S&P Preferred Stock Index

Vornado Realty L.P.(NYSE:VNOD.CL) dropped from S&P Preferred Stock Index

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 2, 2015
Property In Midtown Manhattan
Merger/Acquisition
August 4, 2014
Land Under 715 Lexington Avenue Retail Property
 

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