0000003499-11-000015.txt : 20110616 0000003499-11-000015.hdr.sgml : 20110616 20110616164639 ACCESSION NUMBER: 0000003499-11-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110610 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110616 DATE AS OF CHANGE: 20110616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALEXANDERS INC CENTRAL INDEX KEY: 0000003499 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 510100517 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06064 FILM NUMBER: 11915539 BUSINESS ADDRESS: STREET 1: 210 ROUTE 4 EAST CITY: PARAMUS STATE: NJ ZIP: 07652 BUSINESS PHONE: 201-587-1000 MAIL ADDRESS: STREET 1: 210 ROUTE 4 EAST CITY: PARAMUS STATE: NJ ZIP: 07652 8-K 1 alx8k61011.htm alx8k61011.htm - Generated by SEC Publisher for SEC Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

June 10, 2011

 

ALEXANDER’S, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

No. 001-06064

 

No. 51-0100517

(State or Other

 

(Commission

 

(IRS Employer

Jurisdiction of

 

File Number)

 

Identification No.)

Incorporation)

 

 

 

 

 

210 Route 4 East
Paramus, New Jersey

 

07652

(Address of Principal Executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code: (201) 587-8541

Former name or former address, if changed since last report: N/A

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions (see General Instructions A.2.):

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

Item 1.01.         Entry into a Material Definitive Agreement.

 

On June 10, 2011, Alexander’s, Inc. (the “Company”) completed a $250 million refinancing of the 1.2 million square foot Kings Plaza Mall located in Brooklyn, New York.  The five-year interest-only loan is at LIBOR plus 1.70%.  The Company realized net proceeds of approximately $95 million after repaying the existing loan and costs. 

The lead arrangers and bookrunners for loan are Wells Fargo Securities, LLC, RBC Capital Markets and Credit Agricole Corporate & Investment Bank.  Wells Fargo Bank, NA serves as administrative agent. 

On June 13, 2011, the Company issued a press release describing the transaction.  A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein into this Item 1.01.

 

 

 

Item 2.03.         Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 above is incorporated by reference herein into this Item 2.03.

 

 

Item 9.01.         Financial Statements and Exhibits.

 

 (d)       Exhibits.

99.1      Press Release, dated June 13, 2011.

 

 

 

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

ALEXANDER’S, INC.

(Registrant)

 

 

 

 By:


 /s/ Joseph Macnow

 

 Name:

Joseph Macnow

 

 Title:

Executive Vice President and

Chief Financial Officer

 

Date: June 16, 2011

EXHIBIT INDEX

 

 

 

99.1        Press Release, dated June 13, 2011.

 EX-99 2 exhibit991.htm exhibit991.htm - Generated by SEC Publisher for SEC Filing

 

EXHIBIT 99.1

CONTACT:     JOSEPH MACNOW

                        (201) 587-8541


210 Route 4 East

Paramus, NJ 07652

 

 

FOR IMMEDIATE RELEASE – June 13, 2011

Alexander’s Completes $250 Million Refinancing of Kings Plaza
Realizing $95 Million of Net Proceeds

PARAMUS, NEW JERSEY...ALEXANDER’S, INC. (New York Stock Exchange:  ALX) announced today that it has completed a $250 million refinancing of the 1.2 million square foot Kings Plaza Mall located in Brooklyn, New York.  The five‑year interest-only loan is at LIBOR plus 1.70%.  The Company realized net proceeds of approximately $95 million after repaying the existing loan and costs.

Alexander’s, Inc. is a real estate investment trust that has seven properties in the greater New York City metropolitan area.

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.

 
 GRAPHIC 3 x0x0.gif begin 644 x0x0.gif M1TE&.#EA4P*5`'<`,2'_"T=!34U!3D]7,2XP!&-;`P``(?\+35-/1D9)0T4Y M+C`5````"7!(67,```[#```.Q`&(+CZC`"P`````4P*5`(````#___\"_XR/ MJFVK#=[%K>J-'7YN-2Y:;H[N'J4>RM[^7K\4OSG_;<^OA'^ICUZ_ M@4'^L0HXC*#"@OO((4RX,"(/@Y`>0I2(\0;%1_\6=V7\.&.CHXX>09IL(1*1 M-P/73KI$V7!=,@4S7]I$D?)039HY+]Y\F;/6/V$3?/[T4/*@T7PQ&:1<>E2# MP)%-F5;E.74!U*@8LJJ\JM0K2[!:DW+-(%9HVD8BVYH]BVDKV[5?Z;HE!;<# MW2&";`3U0S3"7;QYI%$^N:W?CWLB/*]^#[.)O MGYZ+#VSFG.OR#]4C1-L)+$$S:]2I'5.>':(TYMFR;=-VBEO':1"Z=9+6/9QV M?'5C"?6X02(%!PV6"R42, M<`'`*/[]!QH+$#(FX%B+[=5<8NSU5:!GK9GHG"8B=G@*A2^\=>$''\9VRX.N MW:@?@]`\H"*000+GX(M#HI5*9AN6M8B1+M96BHU/'2D>BQ:&&,Q0A[$#"XQ0 M*MAE2X;QB.,P:8F)I&=@.EDC4L7=MV2#9`I)5IWZ$.EE5G?&A6:*9LK%)2?F ML.AEFF+U60&6*>R4*)E3693@FED^BE"$\_BIC)Y[E@D5BG%^6>BDB,989(O5 M.6H421GV&,V')'$:*)U$45HIJ0)Y^BFK-%X**X#V*2KJ5NVHFF.PQ*[*9D"V M_VZ*YZQ+O>H`HT8F:R4'-]8J:ZF_5E6ML:$.>BRRX;I"K;)A8LODC_00>RZW MGY3JZD/9:BME-:!)JZNDXZZZ[RWCMHLNJ,Z6%&ZSA\++#;3IXLOA/@[SB$V_ MY4(J\<+R:EB.MU;N&^F6"#>EJL5SJC=PJ_&8W&_*&:;LL++?##TQE3,K?6+,Q_X\,GU"G_SGU%;CG#2O M/9>,%](9&YSKUH0^O32]55YM%MIJJPVUO)6N#>;7(C.(*63_B@VLG'#[G/7> M?M?Z=Z:!ER)WRTSSB?+3`3<\.(I$=V1XXP7C+?G*E?^[_/A\@5W>+0V<.]YV MX,%0_CFNI5,R>>@*1RYCO8F?7BSCG[/^(^E)%6Y[FWTWZ0S'7^;.-=+1UFRS M++"#+COGM->$>=E\[XZ\\\T#'W7(4UL:=N9J@DOV;;`O?\SBT),+?O3:+X[U M\)!2S^R\AV,7?JKI`W'\)](S/_WX]I_?.?_MLZ\::%VO5\]S74+6%3(BU"]V MD`-@_Z@'L`*6#U\)7-:F!B@87ZFN2<";8-YFM$#_USDUK48S:$R,6M!?_KA!^,H11!6M8ORIV,58>C&`1W3>]+P;192XD MX!E-=4`D7DR!P"XA3#)0@!QG)L\7QD.M+Y";%-$(!_N^/R)+D#B%)QCL"4I1VQ.23 MC&A(+U*R!Z%$4RT1&:8Q@:4WN%3A^\C62E>6$)9CY%L*:4D@G9%0E0>#8MV> MQ9U>^O)PW!VQ8!(D)=JR.4]FVC!2VS2G!T\)1[M!LYRE%-@)1MA. M'VX/_V[RE!Q``WI1=E63CZ;4W8J*24BK14YO(V):[?XFT::7=I1]3?4&^I1IA6-6KN)566?6JBNI*F`MF+Z^%9*=C?7>IPC9$ M9NVD(&(+>\XGW0J/B\2K%779UNZQ+*UIY-X]T4I8P8EUIUHU964Y^,'7(K2Q M*00F93/&4(+=,[#WNJQ=Y7K0UD94MJ9;;4'[&BZE*./ M]*ESO8M>98YUNOE]I7JQ6"CJC,"%[BKXG#%@S-X5'CNEXD8IF:- M(:Q7Y*JXDDN>+923;%*FZC:3"#).CDEZ9IQXF<5K5C,W18CB;AFXS'3>@7&; MW.9)U7G/2GPSG_]\%#\#>M`V83*(H0\-%`4C>M$GB3*C'RV1-$-ZTA%Y,J4O MC>E,:WK3G.ZTIS\-ZE"+>M2D+K6I3XWJ5*MZU:QNM:M?#>M8RWK6M*ZUK6^- MZUSK>M>\[K6O?PWL8`M[V,0NMK&/C>QD*WO9S&ZVLY\-[6A+>]K4KK:UKXWM 8;&M[V]SNMK>_#>YPBWO