Alexander's Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
$ALX
Real Estate Investment Trusts
Real Estate
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On September 30, 2024, Alexander’s, Inc. (the “Company”) completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue. The interest-only loan carries a fixed rate of 5.045% and matures in October 2028. The loan is prepayable, at the Company’s option, with no penalty, beginning in October 2026.
The loan replaces the prior $490 million loan on the office condominium, that bore interest at the Prime rate (currently 8.00%) and was scheduled to mature in October 2024.
A copy of the Company’s press release announcing the refinancing is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligations or an Obligation under and Off-Balance Sheet Arrangement of a Registrant
The information set forth under Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference to this Item 2.03
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |||||||||||||
Press Release, dated September 30, 2024. | ||||||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||||||||
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ALEXANDER’S, INC. | |||||||||||
(Registrant) | |||||||||||
| By: | /s/ Gary Hansen | ||||||||||
| Name: | Gary Hansen | ||||||||||
| Title: | Chief Financial Officer (duly authorized officer and principal financial and accounting officer) | ||||||||||
Date: September 30, 2024
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