ALX Alexanders Inc

Alexander’s, Inc. (NYSE: ALX) today announced that it has completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue, the Class A Bloomberg LP headquarters building. The interest-only loan carries a fixed rate of 5.045% and matures in October 2028. The loan is prepayable, at Alexander’s option, with no penalty, beginning in October 2026.

The loan replaces the prior $490 million loan on the office condominium, that bore interest at the Prime rate (currently 8.00%) and was scheduled to mature in October 2024.

Alexander’s, Inc. is a real estate investment trust that has five properties in New York City.

CONTACT:GARY HANSEN(201) 587-8541

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