Vornado Prices Public Offering of $500 Million of 7-Year Bonds

NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business, has priced an offering of $500 million aggregate principal amount of 5.75% senior unsecured notes due February 1, 2033. Interest on the notes will be payable semiannually on February 1 and August 1, commencing August 1, 2026. The notes were priced at 99.824% of their face amount to yield 5.78%. The net proceeds of approximately $494 million will be used to repay our $400 million of unsecured notes due June 1, 2026 (the “2026 Notes”) at maturity, and the remainder will be used for general corporate purposes. Prior to the maturity of the 2026 Notes, the net proceeds may be temporarily invested in cash, cash equivalents and other liquid marketable investments. Subject to customary closing conditions, the offering is expected to close on January 14, 2026.