Vornado Realty LP, the operating partnership of Vornado Realty Trust, Paramus, N.J., has entered into a $1 billion unsecured revolving credit facility, according to the real estate investment trust.The four-year facility, which replaces one due to expire in July, bears interest at 55 basis points above the London interbank offered rate (based on the company's current credit ratings). Vornado said the joint book-running managers for the offering are J.P. Morgan Securities Inc. and Bank of America Securities LLC. The REIT can be found on the Web at http://www.vno.com.
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