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VNO Jun 2024 31.000 put
| Previous close | 4.6000 |
| Open | 4.6000 |
| Bid | 5.8000 |
| Ask | 7.9000 |
| Strike | 31.00 |
| Expiry date | 2024-06-21 |
| Day's range | 4.6000 - 4.6000 |
| Contract range | N/A |
| Volume | |
| Open interest | 9 |
GlobeNewswireVornado’s Retail JV Completes $400 Million Refinancing of 640 Fifth Avenue
NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 52% owned street retail joint venture has completed a $400 million refinancing of 640 Fifth Avenue, a 315,000 square foot Manhattan office and retail property. The interest only, non–recourse loan carries a fixed rate of 7.47% and matures in July 2029. The street retail joint venture paid down by $100 million the prior $500 million loan, which was fully guaranteed by Vornado, bore interest at SOF
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Vornado Realty's (VNO) properties are poised to draw in tenants on the back of the strong demand for premier office spaces. However, elevated interest rates continue to be a concern.
