{"schema_version":"secwatch.filing_event.v1","accession":"0000003499-25-000038","form_type":"8-K","ticker":"ALX","cik":"0000003499","company_name":"ALEXANDERS INC","filed_at":"2025-12-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.730490+00:00","generated_at":"2026-05-16T12:10:57.297391+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Alexander's restructures $300M loan on 731 Lexington Ave; splits into A/B/C notes, extends maturity to 2035","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000003499-25-000038","json":"https://secwatch.observer/filing/0000003499-25-000038.json","markdown":"https://secwatch.observer/filing/0000003499-25-000038.md","text":"https://secwatch.observer/filing/0000003499-25-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/alx-20251223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T12:10:57.297391+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"29291e1ac7fc551ac3d7ee69c84418327e6ec69b","claim":"ALEXANDERS INC incurred senior notes of $167,500,000 with the Junior Lenders at 4.55% per annum maturing December 23, 2035.","evidence_excerpt":"a $167,500,000 Junior Note (the “C-Note”) accruing interest (not paid current) at 4.55% per annum","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$167,500,000"},{"label":"Counterparty","value":"the Junior Lenders"},{"label":"Rate","value":"4.55% per annum"},{"label":"Maturity","value":"December 23, 2035"},{"label":"Event","value":"incurrence"}]},{"claim_id":"5af91d52e8db365f8bb52cdcadd1e09df4bebfbc","claim":"ALEXANDERS INC incurred senior notes of $132,500,000 with ALX Rego Holdings LLC at 7.00% per annum maturing December 23, 2035.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$132,500,000"},{"label":"Counterparty","value":"ALX Rego Holdings LLC"},{"label":"Rate","value":"7.00% per annum"},{"label":"Maturity","value":"December 23, 2035"},{"label":"Event","value":"incurrence"}]},{"claim_id":"9a785d15e997addda19ffaf9b057cd2147aa23fd","claim":"ALEXANDERS INC amended mortgage of $300,000,000 with lenders named therein maturing December 23, 2035.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$300,000,000"},{"label":"Counterparty","value":"lenders named therein"},{"label":"Maturity","value":"December 23, 2035"},{"label":"Event","value":"amendment"}]},{"claim_id":"d21764999b7eea3d0fef666fbc5ab3c2ede5cfb3","claim":"ALEXANDERS INC incurred term loan of $65 million with ALX Rego Holdings LLC at 13.5% per annum maturing December 23, 2035.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$65 million"},{"label":"Counterparty","value":"ALX Rego Holdings LLC"},{"label":"Rate","value":"13.5% per annum"},{"label":"Maturity","value":"December 23, 2035"},{"label":"Event","value":"incurrence"}]},{"claim_id":"2fbfea7c62cbed92c1534de5312b12d1f7a80a7a","claim":"ALEXANDERS INC amended Amended Loan Agreement with the lenders named therein valued at $300,000,000 (effective 2025-12-23).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders named therein"},{"label":"Value","value":"$300,000,000"},{"label":"Effective","value":"2025-12-23"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}