Fitch rates Vornado notes BBB

Fitch Ratings said it assigned a BBB rating to the $400 million aggregate principal amount of 5% senior unsecured notes due Jan. 15, 2022 issued by Vornado Realty, LP.

The company has an issuer default rating of BBB.

The outlook is stable.

The notes were priced at 99.546% of the principal amount to yield 5.057% to maturity. Vornado Realty is the operating partnership of Vornado Realty Trust.

The proceeds are expected to be used for general corporate purposes.

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