Vornado Realty to price notes due 2025 through four bookrunners

By Devika Patel

Knoxville, Tenn., Dec. 12 – Vornado Realty LP is planning to price an offering of notes due 2025, according to a 424B5 filing with the Securities and Exchange Commission.

Vornado may redeem the notes with a make-whole call initially and then a par call.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Jefferies & Co. are the bookrunners.

Proceeds will be used with cash on hand to redeem all of the company’s $450 million of 2.5% senior notes due 2019.

The real estate investment trust is based in New York.

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