secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDERS INC (ALX)
CIK:        0000003499
Form:       8-K
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0000003499-24-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3499/000000349924000025/0000003499-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3499/000000349924000025/alx-20240611.htm
  HTML page:      https://secwatch.observer/filing/0000003499-24-000025

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