---
schema_version: "secwatch.filing_event.v1"
accession: "0000003499-24-000025"
form_type: "8-K"
ticker: "ALX"
cik: "0000003499"
company_name: "ALEXANDERS INC"
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:56:01.467311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Alexanders extends $500M 731 Lexington loan maturity to Oct 2024, pays down $10M

## Summary
- Maturity of $500M mortgage loan on office portion of 731 Lexington Avenue extended from June 11 to October 11, 2024.
- Borrower paid $10M principal reduction and $1M consent fee in exchange for extension; interest rate unchanged at Prime plus 0.00%.
- Loan placed into special servicing; monthly special servicing fees of 0.25% p.a. to be paid; refinancing expected before extended maturity.
- Trigger period commenced with modified cash management; Lease Funds of $66.8M deposited into new Funding Obligation Deposit Account.

## SEC filing metadata
- accession: 0000003499-24-000025
- form_type: 8-K
- ticker: ALX
- cik: 0000003499
- company_name: ALEXANDERS INC
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/3499/000000349924000025/0000003499-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/3499/000000349924000025/alx-20240611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003499-24-000025
- JSON: https://secwatch.observer/filing/0000003499-24-000025.json
- Plain text: https://secwatch.observer/filing/0000003499-24-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.