This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Vornado Realty Trust Announces Cash Tender Offers for Any and All of Its 3.625% Convertible Senior Debentures Due 2026 and Its 2.85% Convertible Senior Debentures Due 2027 2009-11-02 14:57 ET - News Release
PARAMUS, N.J. -- (Business Wire)
Vornado Realty Trust (NYSE: VNO) (“Vornado”) today announced that it has
commenced cash tender offers for any and all of its $886,969,000
principal amount of outstanding 3.625% Convertible Senior Debentures due
2026 (CUSIP No. 929043AE7) (the “2026 Debentures”) and its
$1,125,938,000 principal amount of outstanding 2.85% Convertible Senior
Debentures due 2027 (CUSIP No. 929042AC3) (the “2027 Debentures” and
together with the 2026 Debentures, the "Securities"), each of which is
guaranteed by Vornado Realty L.P. (the “Operating Partnership”), the
operating partnership through which Vornado conducts its business and
holds substantially all of its assets. Vornado intends to pay for all of
the Securities purchased pursuant to the tender offers from available
cash received from the Operating Partnership. The Offer to Purchase,
dated today, and the related letter of transmittal, set forth the
complete terms of the tender offers.
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