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Exhibit Index on Page 4
As filed with the Securities and Exchange Commission on October 22, 1999
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) OCTOBER 19, 1999
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Commission File Number: 001-06064
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ALEXANDER'S INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 51-0100517
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(State or other jurisdiction of incorporation) (I.R.S. Employer
Identification Number)
Park 80 West, Plaza II, Saddle Brook, New Jersey 07663
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(Address of principal executive offices) (Zip Code)
(201) 587-8541
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(Registrant's telephone number, including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEMS 1-4. NOT APPLICABLE.
ITEM 5. OTHER EVENTS.
On October 19, 1999, Alexander's Inc. announced that it has entered
into an agreement to borrow $50 million from Vornado Realty Trust under the
same terms and conditions as its existing $45 million loan from Vornado.
Alexander's plans to use the proceeds to fund a portion of the real estate
development costs at its Lexington Avenue property and a portion of the
costs to refurbish its Kings Plaza Regional Shopping Center.
Vornado owns 29.3% of the common stock of Alexander's and manages,
develops and leases its properties.
ITEM 6. NOT APPLICABLE.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Exhibits.
EXHIBIT NO. EXHIBIT
99.1 Press release dated October 19, 1999, of Alexander's Inc.
ITEMS 8-9. NOT APPLICABLE.
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ALEXANDER'S INC.
SIGNATURES
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.
ALEXANDER'S INC.
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(Registrant)
Date: October 22, 1999 /s/ Joseph Macnow
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JOSEPH MACNOW
Vice President, Chief
Financial Officer
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INDEX TO EXHIBITS
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<CAPTION>
Page
Exhibit No: Exhibit Reference
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<S> <C> <C>
99.1 Press release dated October 19, 1999, of Alexander's Inc.... 5
</TABLE>
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Exhibit 99.1
FOR IMMEDIATE RELEASE - OCTOBER 19, 1999
SADDLE BROOK, NEW JERSEY....ALEXANDER'S INC. (New York Stock Exchange:ALX)
announced today that it has entered into an agreement to borrow $50 million from
Vornado Realty Trust under the same terms and conditions as its existing $45
million loan from Vornado. Alexander's plans to use the proceeds to fund a
portion of the real estate development costs at its Lexington Avenue property
and a portion of the costs to refurbish its Kings Plaza Regional Shopping
Center.
Vornado owns 29.3% of the common stock of Alexander's and manages, develops
and leases its properties.
Alexander's Inc. is a real estate investment trust which has eight
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.
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