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Empire State Realty OP Series 250 ( (FISK) ) has provided an update.
On April 15, 2026, Empire State Realty Trust, Inc. and its operating partnership entered into a Note Purchase Agreement for a private placement of $130 million of 5.99% Series M Senior Notes due July 15, 2032, to be funded on July 15, 2026, at par. The notes may be prepaid at par plus a make-whole premium and will be unconditionally guaranteed by certain subsidiaries that also support the company’s other material credit facilities.
The agreement imposes customary covenants and financial tests, including limits on total and secured leverage, minimum fixed-charge coverage, and requirements for coverage of unsecured interest by income from unencumbered properties. These terms, together with standard events of default, are designed to preserve the REIT’s balance sheet strength as it plans to use the proceeds primarily to refinance existing indebtedness and for general corporate purposes, potentially optimizing its debt maturity profile and funding costs.
More about Empire State Realty OP Series 250
Empire State Realty Trust, Inc. is a real estate investment trust that operates through Empire State Realty OP, L.P., focusing on ownership, management, and operation of commercial properties. The company finances its real estate portfolio through a mix of secured and unsecured debt facilities, maintaining leverage and coverage ratios consistent with REIT market standards.
Average Trading Volume: 2,623
Technical Sentiment Signal: Sell
Current Market Cap: $1.41B
For detailed information about FISK stock, go to TipRanks’ Stock Analysis page.