05:04 PM EDT, 09/30/2024 (MT Newswires) -- Alexander's (ALX) said late Monday it completed a $400 million refinancing of the office condominium portion of 731 Lexington Avenue, the Bloomberg LP headquarters building in Manhattan, New York.

The interest-only loan carries a fixed rate of 5.045% and matures in October 2028.

The loan replaces a $490 million credit maturity in October this year with interest at the prime rate -- currently 8%.

Price: 242.00, Change: -0.36, Percent Change: -0.15