Brief: Empire State Realty Trust Reached Agreement With Mortgage Lender Of First Stamford Place Property To Transfer Property To Satisfy Outstanding Loan
04/04/2024 15:03
April 4 (Reuters) - Empire State Realty Trust Inc
ESRT.N :
* EMPIRE STATE REALTY OP LP: REACHED AGREEMENT WITH MORTGAGE
LENDER OF FIRST STAMFORD PLACE PROPERTY TO TRANSFER PROPERTY TO
SATISFY OUTSTANDING LOAN
* EMPIRE STATE REALTY OP LP: TRANSACTION IS EXPECTED TO
ELIMINATE
A $176 MILLION LIABILITY THAT MATURES IN JULY 2027 FROM BALANCE
SHEET
Source text for Eikon: [ID:https://bit.ly/49jFDV3]
Further company coverage: ESRT.N
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