Vornado Realty Trust (NYSE:VNO) announced that Vornado Realty L.P., the
operating partnership through which Vornado Realty Trust conducts its
business and holds substantially all of its assets, has today called for
redemption of all of the $445 million principal amount of its
outstanding 7.875% Public Income Notes, or PINES. The Notes, which were
scheduled to mature on October 1, 2039, will be redeemed on October 1,
2014 at a redemption price of 100% of the principal amount plus accrued
interest to the redemption date.
Vornado Realty Trust is a fully-integrated equity real estate investment
trust.
Certain statements contained herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Vornado to be materially
different from any future results, performance or achievements expressed
or implied by such forward-looking statements. Such factors include,
among others, risks associated with the transactions described above as
described in the above-referenced prospectus supplement under “Risk
Factors” and those described in Vornado Realty L.P.’s Annual Report on
Form 10-K for the year ended December 31, 2013, under Item 1.A, Risk
Factors, copies of which may be obtained at the website of the
Securities and Exchange Commission at www.sec.gov.
Copyright Business Wire 2014