Alexander’s Completes $175 Million Refinancing of Rego Park II

Core Viewpoint - Alexander's, Inc. has successfully completed a $175 million refinancing of its Rego Park II shopping center, indicating a strategic move to manage its debt and financial obligations effectively [1]. Group 1: Financial Details - The refinancing involves an interest-only loan at SOFR plus 2.00%, which currently stands at 5.82%, maturing in December 2030 [1]. - Alexander's paid down $23.5 million of the previous loan amounting to $198.5 million, which had an interest rate of SOFR plus 1.45% and was set to mature on December 12, 2025 [1]. Group 2: Company Overview - Alexander's, Inc. operates as a real estate investment trust (REIT) with a portfolio of five properties located in New York City [2].