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Vornado Realty Extends Debt Maturities and Boosts Liquidity

Story Highlights
  • Vornado extended key credit and term loan maturities to February 2031, adjusting borrowing capacity and pricing.
  • The company increased another revolving facility to $1 billion and maintained strict leverage and coverage covenants to support liquidity and creditor confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vornado Realty Extends Debt Maturities and Boosts Liquidity

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An update from Vornado Realty ( (VNO) ) is now available.

On January 7, 2026, Vornado Realty L.P. amended and extended one of its revolving credit facilities, pushing the fully extended maturity from December 2027 to February 2031 while reducing its borrowing capacity from $1.25 billion to $1.105 billion, and updated pricing tied to Term SOFR and modest sustainability-linked adjustments to interest and facility fees. On the same date, the partnership extended the maturity of its term loan from December 2027 to February 2031 and increased the loan size to $850 million, and also raised commitments on another unsecured revolving credit facility maturing in April 2029 from $915 million to $1.0 billion, while maintaining a framework of leverage, coverage and unsecured/secured debt covenants; these moves collectively extend its debt maturities, refine liquidity, and reinforce balance sheet discipline under customary default and covenant structures important to creditors and other financial stakeholders.

The most recent analyst rating on (VNO) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Vornado Realty stock, see the VNO Stock Forecast page.

Spark’s Take on VNO Stock

According to Spark, TipRanks’ AI Analyst, VNO is a Neutral.

Vornado Realty’s overall score reflects a mix of strong profitability and positive earnings call sentiment, offset by high leverage, negative cash flow trends, and bearish technical indicators. The stock appears undervalued, but liquidity and leverage issues need addressing for sustained growth.

To see Spark’s full report on VNO stock, click here.

More about Vornado Realty

Vornado Realty Trust, through its operating partnership Vornado Realty L.P., is a major U.S. real estate investment company focused primarily on office and other commercial properties, financing its portfolio through a mix of unsecured revolving credit facilities and term loans in the institutional bank market.

Average Trading Volume: 1,406,314

Technical Sentiment Signal: Sell

Current Market Cap: $6.99B

For a thorough assessment of VNO stock, go to TipRanks’ Stock Analysis page.

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