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Stock impact report

Getty Realty Corp. Closes $125 Million Private Placement of Senior Unsecured Notes

Getty Realty Corporation (GTY) 
Last getty realty corporation earnings: 2/26 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.gettyrealty.com/presentations
Company Research Source: GlobeNewswire
NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today the closing of its previously disclosed private placement of $125 million of senior unsecured notes, including (i) $50 million of notes priced at a fixed rate of 5.52% and maturing September 12, 2029 and (ii) $75 million of notes priced at a fixed rate of 5.70% and maturing February 22, 2032. The senior unsecured notes will fund on February 25, 2025 and proceeds will be used to repay in full the Company’s $50 million 4.75% Series C senior unsecured notes due February 25, 2025 and for general corporate purposes, including to fund investment activity. The senior unsecured notes were issued in a private placement with affiliates of New York Life Insurance Company (“New York Life”) and The Prudential Insurance Company of America (“Prudential”) under substantially similar terms and conditions as the Company’s existing senior unsecured notes. “This financing addre Show less Read more
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