---
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"
generated_at: "2026-05-16T12:10:57.297391+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000003499-25-000038
- JSON: https://secwatch.observer/filing/0000003499-25-000038.json
- Plain text: https://secwatch.observer/filing/0000003499-25-000038.txt

## Key facts
- Debt Financings
  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
  source text: a $167,500,000 Junior Note (the “C-Note”) accruing interest (not paid current) at 4.55% per annum
  evidence_url: https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/3499/000000349925000038/0000003499-25-000038-index.htm

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