VORNADO EXTENDS $1.25B OF ITS $2.5B REVOLVING CREDIT FACILITIES

NEW YORK CITY — Vornado Realty Trust has announced that Vornado Realty LP, the operating partnership through which it conducts business, has extended one of its two $1.25 billion revolving credit facilities from June 2015 to 2017 with two six-month extension options. The interest on the extended facility was lowered from LIBOR plus 135 basis points to LIBOR plus 115 basis points. In addition, the facility fee was reduced from 30 to 20 basis points. The second $1.25 billion facility matures in November 2015, with a one-year extension option. There are no borrowings outstanding under either of the revolving credit facilities, according to Vornado. The lead arrangers and bookrunners for thecredit facility are J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Inc. JPMorgan Chase Bank serves as administrative agent, while Bank of America serves as syndication agent.