Alexander's restructures $300M loan on 731 Lexington Ave; splits into A/B/C notes, extends maturity to 2035

ALEXANDERS INC

Restructured $300M loan into $132.5M A-Note (7% current) and $167.5M C-Note (4.55% deferred interest).
Alexander's affiliate purchased A-Note at par; new B-Note from affiliate funds capital/leasing costs and A-Note interest at 13.5% (7% above $65M).
Maturity extended to December 23, 2035; proceeds waterfall: A-Note, B-Note, then 70% C-Note/30% borrower with residual debt forgiveness.
Loan is non-recourse to Alexander's except for limited bad-boy carveouts.
Restructuring closed December 23, 2025, and modifies terms for the retail condominium units at 731 Lexington Avenue.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALEXANDERS INC incurred senior notes of $167,500,000 with the Junior Lenders at 4.55% per annum maturing December 23, 2035.

Instrument: senior notes
Principal: $167,500,000
Counterparty: the Junior Lenders
Rate: 4.55% per annum
Maturity: December 23, 2035
Event: incurrence

Exact text from the filing

a $167,500,000 Junior Note (the “C-Note”) accruing interest (not paid current) at 4.55% per annum

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALEXANDERS INC incurred senior notes of $132,500,000 with ALX Rego Holdings LLC at 7.00% per annum maturing December 23, 2035.

Instrument: senior notes
Principal: $132,500,000
Counterparty: ALX Rego Holdings LLC
Rate: 7.00% per annum
Maturity: December 23, 2035
Event: incurrence

Exact text from the filing

the Original Loan has been restructured into a $132,500,000 Senior Note (the “A-Note”) accruing interest (to be paid current) at 7.00% per annum

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALEXANDERS INC amended mortgage of $300,000,000 with lenders named therein maturing December 23, 2035.

Instrument: mortgage
Principal: $300,000,000
Counterparty: lenders named therein
Maturity: December 23, 2035
Event: amendment

Exact text from the filing

On December 23, 2025, 731 Retail One LLC and 731 Commercial LLC, wholly-owned subsidiaries of Alexander’s, Inc. (the “Company”) and the borrowers (the “Borrower”) under the $300,000,000 mortgage loan (the “Original Loan”) on the retail condominium units of the Company’s 731 Lexington Avenue property (the “Property”), entered into an amended and restated loan

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ALEXANDERS INC incurred term loan of $65 million with ALX Rego Holdings LLC at 13.5% per annum maturing December 23, 2035.

Instrument: term loan
Principal: $65 million
Counterparty: ALX Rego Holdings LLC
Rate: 13.5% per annum
Maturity: December 23, 2035
Event: incurrence

Exact text from the filing

and re-leasing expenses at the Property, and to fund interest on the A-Note, accrue interest (not paid current) at 13.5% per annum; provided that, to the extent more than $65 million has been funded under the B-Note, any additional advances under the B-Note that are used to pay interest on the A-Note will accrue interest at 7.00% per annum. In connection with

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALEXANDERS INC amended Amended Loan Agreement with the lenders named therein valued at $300,000,000 (effective 2025-12-23).

Action: amendment
Agreement: credit facility
Counterparty: the lenders named therein
Value: $300,000,000
Effective: 2025-12-23

Exact text from the filing

On December 23, 2025, 731 Retail One LLC and 731 Commercial LLC, wholly-owned subsidiaries of Alexander’s, Inc. (the “Company”) and the borrowers (the “Borrower”) under the $300,000,000 mortgage loan (the “Original Loan”) on the retail condominium units of the Company’s 731 Lexington Avenue property (the “Property”), entered into an amended and restated loan agreement with the lenders named therein to restructure and extend the loan to December 23, 2035 (the “Amended Loan Agreement”).

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

ALEXANDERS INC filing history →

Source: SEC EDGAR

accession 0000003499-25-000038

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.