Vornado extends credit facilities to 2031, increases term loan to $850M

VORNADO REALTY LP

Revolving credit facility amended: maturity extended to Feb 2031, amount reduced from $1.25B to $1.105B.
Term loan extended to Feb 2031, amount increased from $800M to $850M; rate Term SOFR + 120 bps.
Second revolver (2029 facility) increased from $915M to $1.0B; rate Term SOFR + 116 bps.
Financial covenants unchanged: max debt 60% of capitalization value, fixed charge coverage ≥1.40x.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VORNADO REALTY LP amended term loan of increasing the loan amount to $850 million from $800 million with JPMorgan Chase Bank, N.A. (Administrative Agent) at Term SOFR plus 120 basis points maturing from December 2027 to February 2031 (as fully extended).

Instrument: term loan
Principal: increasing the loan amount to $850 million from $800 million
Counterparty: JPMorgan Chase Bank, N.A. (Administrative Agent)
Rate: Term SOFR plus 120 basis points
Maturity: from December 2027 to February 2031 (as fully extended)
Event: amendment

Exact text from the filing

On January 7, 2026, VRLP also amended and extended its term loan (as amended, extended and restated, the “Term Loan”), extending the maturity from December 2027 to February 2031 (as fully extended) and increasing the loan amount to $850 million from $800 million.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VORNADO REALTY LP amended revolving credit of from $1.25 billion to $1.105 billion with JPMorgan Chase Bank, N.A. (Administrative Agent) at Term SOFR plus 105 basis points per annum maturing from December 2027 (as fully extended) to February 2031 (as fully extended).

Instrument: revolving credit
Principal: from $1.25 billion to $1.105 billion
Counterparty: JPMorgan Chase Bank, N.A. (Administrative Agent)
Rate: Term SOFR plus 105 basis points per annum
Maturity: from December 2027 (as fully extended) to February 2031 (as fully extended)
Event: amendment

Exact text from the filing

Vornado Realty L.P. (“VRLP”), the operating partnership through which Vornado Realty Trust (“Vornado”) conducts its business, amended and extended the maturity of one of its revolving credit facilities (as amended, extended and restated, the “2031 Revolving Credit Facility”), from December 2027 (as fully extended) to February 2031 (as fully extended). The available borrowing amount under the 2031 Revolving Credit Facility was reduced from $1.25 billion to $1.105 billion.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VORNADO REALTY LP amended revolving credit of from $915 million to $1.0 billion at Term SOFR plus 116 basis points per annum.

Instrument: revolving credit
Principal: from $915 million to $1.0 billion
Rate: Term SOFR plus 116 basis points per annum
Event: amendment

Exact text from the filing

VRLP also concurrently entered into an amendment and increased the commitment amount under its other unsecured revolving credit facility that matures in April 2029 (as fully extended) (the “2029 Revolving Credit Facility” and together with the 2031 Revolving Credit Facility, the “Revolving Credit Facilities”) from $915 million to $1.0 billion.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VORNADO REALTY LP amended Term Loan valued at $850 million (effective 2026-01-07).

Action: amendment
Agreement: credit facility
Value: $850 million
Effective: 2026-01-07

Exact text from the filing

On January 7, 2026, VRLP also amended and extended its term loan (as amended, extended and restated, the “Term Loan”), extending the maturity from December 2027 to February 2031 (as fully extended) and increasing the loan amount to $850 million from $800 million.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VORNADO REALTY LP amended 2031 Revolving Credit Facility (effective 2026-01-07).

Action: amendment
Agreement: credit facility
Effective: 2026-01-07

Exact text from the filing

On January 7, 2026, Vornado Realty L.P. (“VRLP”), the operating partnership through which Vornado Realty Trust (“Vornado”) conducts its business, amended and extended the maturity of one of its revolving credit facilities (as amended, extended and restated, the “2031 Revolving Credit Facility”), from December 2027 (as fully extended) to February 2031 (as fully extended).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VORNADO REALTY LP amended 2029 Revolving Credit Facility valued at $1.0 billion (effective 2026-01-07).

Action: amendment
Agreement: credit facility
Value: $1.0 billion
Effective: 2026-01-07

Exact text from the filing

VRLP also concurrently entered into an amendment and increased the commitment amount under its other unsecured revolving credit facility that matures in April 2029 (as fully extended) (the “2029 Revolving Credit Facility” and together with the 2031 Revolving Credit Facility, the “Revolving Credit Facilities”) from $915 million to $1.0 billion.

View on SEC.gov

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Source: SEC EDGAR

accession 0000899689-26-000003

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