By: Benzinga
Vornado Announces $120M Refinancing of 4 Union Square South
VORNADO REALTY TRUST (NYSE: VNO ) announced that it has recently completed a $120 million refinancing of 4 Union Square South, a 206,000 square foot Manhattan retail property. The seven-year loan bears interest at LIBOR plus 2.15% and amortizes based on a 30-year schedule beginning in the third year.
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