UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
ALEXANDER’S, INC.
(Exact Name of Registrant as Specified in Charter)
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Delaware |
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No. 001-06064 |
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No. 51-0100517 |
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(State or Other |
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(Commission |
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(IRS Employer |
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Jurisdiction of |
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File Number) |
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Identification No.) |
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Incorporation) |
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210 Route 4 East |
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07652 |
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(Address of Principal Executive offices) |
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(Zip Code) |
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.):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On November 30, 2011, Alexander’s, Inc. (the “Company”) completed a $275 million refinancing of its 610,000 square foot Rego Park II shopping center located in Queens, New York. The seven-year loan, which is secured by the property, bears interest at LIBOR plus 1.85% and amortizes based on a 30-year schedule. The proceeds of the new loan were used to repay the existing loan on the property.
On November 30, 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 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated November 30, 2011.
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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.
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ALEXANDER’S, INC. | ||
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(Registrant) | ||
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By: |
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Name: |
Joseph Macnow |
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Title: |
Executive Vice President and Chief Financial Officer |
Date: December 6, 2011
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EXHIBIT INDEX
99.1 Press Release, dated November 30, 2011.
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EXHIBIT 99.1
CONTACT: JOSEPH MACNOW
(201) 587-8541
Alexander's, Inc.
210 Route 4 East
Paramus, NJ 07652
FOR IMMEDIATE RELEASE – November 30, 2011
PARAMUS, NEW JERSEY...ALEXANDER’S, INC. (New York Stock Exchange: ALX) announced today that it has completed a $275 million refinancing of its 610,000 square foot Rego Park II shopping center located in Queens, New York. The seven-year loan bears interest at LIBOR plus 1.85% and amortizes based on a 30-year schedule. The proceeds of the new loan were used to repay the existing loan on the property.
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.