Empire State Realty OP, L.P. has entered into a new credit facility in the principal amount of $715 million, which consists of a $620 million revolving credit facility and a $95 million term loan facility. The new revolving credit facility matures on March 8, 2029, inclusive of two six-month extension periods at the option of the Company, and replaces the existing revolving credit facility that was due to mature in March 2025. The term loan facility matures on March 8, 2029, inclusive of two twelve-month extension periods at the option of the Company, and replaces the existing term loan facility that matures in March 2025.

Initial interest rates on the new facility, which may change based on Company leverage levels, are adjusted SOFR plus 130 basis points for any drawn portion of the revolving credit facility and adjusted SOFR plus 150 basis points for the term loan facility. In addition, the facility has a sustainability-linked pricing mechanism that reduces the borrowing spread if certain benchmarks are achieved each year. The new credit facility was arranged by BofA Securities Inc. and Wells Fargo Securities, LLC as joint bookrunners, and Bank of America, N.A. is the administrative agent.

JPMorgan Chase Bank, N.A. and U.S. Bank National Association are additionally joint lead arrangers. U.S. Bank National Association is the documentation agent. Bank of Montreal and Goldman Sachs Bank USA are senior managing agents.

BofA Securities Inc. is the sustainability structuring agent.