Alexanders Inc. Enters Material Agreement, Creates Financial Obligation

TL;DR

Alexanders Inc. signed a big deal on 9/30/24, creating new debt/obligations.

AI Summary

Alexanders Inc. entered into a material definitive agreement on September 30, 2024, which also created a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing includes financial statements and exhibits related to this event. Specific details of the agreement and the financial obligations are not provided in this excerpt.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Alexanders Inc., which could impact its financial health and future operations.

Risk Assessment

Risk Level: medium — The creation of a material definitive agreement and a direct financial obligation suggests potential financial risk or commitment that requires further investigation.

Key Numbers

• 001-06064 — SEC File Number (Identifies the company's filing history with the SEC.)
• 51-0100517 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• ALEXANDERS INC (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 201-587-8541 (phone_number) — Registrant's telephone number
• September 30, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock, $1 par value per share ALX New York Stoc
• $400 million — der's, Inc. (the "Company") completed a $400 million refinancing of the office condominium p
• $490 million — ber 2026. The loan replaces the prior $490 million loan on the office condominium, that bo

Filing Documents

• alx-20240930.htm (8-K) — 34KB
• exhibit991-731lexingtonave.htm (EX-99.1) — 5KB
• image_0.jpg (GRAPHIC) — 14KB
• 0000003499-24-000033.txt ( ) — 183KB
• alx-20240930.xsd (EX-101.SCH) — 2KB
• alx-20240930_lab.xml (EX-101.LAB) — 21KB
• alx-20240930_pre.xml (EX-101.PRE) — 12KB
• alx-20240930_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

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

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release, dated September 30, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 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 3

View Full Filing

View this 8-K filing on SEC EDGAR