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SL Green & Vornado Complete $900 Million Refinancing of 280 Park Avenue

NEW YORK--(BUSINESS WIRE)--SL Green Realty Corp. (NYSE:SLG) and Vornado Realty Trust (NYSE:VNO) today announced that they have closed on the refinancing of 280 Park Avenue, a premier 1,250,000 square foot Manhattan office building that is held by the companies in a joint venture. The new $900 million loan carries a 3-year term (subject to four 1-year extension options) and a floating interest rate of LIBOR plus 2.00% (currently 2.44%). The loan replaces the previous $721 million indebtedness th

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