News Press Releases

Empire State Realty Trust Increases Its Existing Revolving Credit Facility to $1.1 Billion

ESRT | July 6, 2016

Empire State Realty Trust Increases Its Existing Revolving Credit Facility to $1.1 Billion

Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company"), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area, today announced that the Company has increased its borrowing capacity under its unsecured revolving credit facility by $300 million to $1.1 billion. The Company has the ability to further increase the total capacity of the facility to $1.25 billion, with additional exercises of the accordion during its term, which will initially mature in 2019.

David A. Karp, Executive Vice President and Chief Financial Officer, commented, “We are pleased to augment our already strong liquidity position.”

About Empire State Realty Trust

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world's most famous building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of March 31, 2016, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 721,000 rentable square feet in the retail portfolio.