NEW YORK--(BUSINESS WIRE)--
Empire State Realty Trust, Inc. (NYSE: ESRT) (the "Company"), a leading
real estate investment trust with office and retail properties in
Manhattan and the greater New York metropolitan area, today announced
that the Company has increased its borrowing capacity under its
unsecured revolving credit facility by $300 million to $1.1 billion. The
Company has the ability to further increase the total capacity of the
facility to $1.25 billion, with additional exercises of the accordion
during its term, which will initially mature in 2019.
David A. Karp, Executive Vice President and Chief Financial Officer,
commented, “We are pleased to augment our already strong liquidity
position.”
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate
investment trust (REIT), owns, manages, operates, acquires and
repositions office and retail properties in Manhattan and the greater
New York metropolitan area, including the Empire State Building, the
world's most famous building. Headquartered in New York, New York, the
Company's office and retail portfolio covers 10.1 million rentable
square feet, as of March 31, 2016, consisting of 9.4 million rentable
square feet in 14 office properties, including nine in Manhattan, three
in Fairfield County, Connecticut and two in Westchester County, New
York; and approximately 721,000 rentable square feet in the retail
portfolio.
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Investors
Empire State
Realty Trust Investor Relations
212-850-2678
IR@empirestaterealtytrust.com
Source: Empire State Realty Trust, Inc.