trending Market Intelligence /marketintelligence/en/news-insights/trending/K9tk_VWNBbm480ijcJ1D7g2 content esgSubNav
In This List

Alexander's refinances $500M loan on NYC property

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Alexander's refinances $500M loan on NYC property

Alexander's Inc. closed on a $500 million refinancing of the office portion of its property at 731 Lexington Ave. in New York City.

The loan bears an interest rate equal to the London Interbank Offered Rate plus 0.90%, currently 1.95%, and is set to expire in June 2024, as extended.

Following the repayment of the existing $300 million mortgage and closing costs, the company realized net proceeds of roughly $188 million.