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Fitch Rates Vornado Realty Trust's $300MM 5.40% Series L Preferred Stock 'BB+'; Outlook Stable
In: Business Wire (English), 2013-01-18
Online
Zeitungsartikel
Zugriff:
Fitch Ratings has assigned a credit rating of 'BB+' to the $300 million 5.40% series L preferred stock issued by Vornado Realty Trust (NYSE: VNO). Net proceeds from the offering are expected to be used for general corporate purposes including the redemption of all of the 6.75% series F and 6.75% series H preferred stock ($262.5 million in aggregate). The issuance will have no impact on VNO's leverage and will result in a negligible improvement in fixed charge coverage. [ABSTRACT FROM PUBLISHER]
Titel: |
Fitch Rates Vornado Realty Trust's $300MM 5.40% Series L Preferred Stock 'BB+'; Outlook Stable
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Autor/in / Beteiligte Person: | Ratings, Fitch |
Zeitschrift: | Business Wire (English), 2013-01-18 |
Veröffentlichung: | 2013 |
Medientyp: | Zeitungsartikel |
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