Rockefeller Center Seeks $3.5B to Refinance Debt, FT Reports

New York’s Rockefeller Center is seeking to raise $3.5 billion to refinance debt, the Financial Times reported Saturday, citing people familiar with the matter.

Bank of America Corp. and Wells Fargo & Co. are leading the offering, the newspaper said.

The transaction is set to be structured as a single-asset, single-borrower, commercial mortgage-backed security for the Manhattan landmark, according to the FT. The Canada Pension Plan Investment Board is in talks to participate in the transaction, the report said.

The property, built in the 1930s for the Rockefeller family, is owned by Tishman Speyer Properties LP.

Bank of America, Wells ...