Seritage Growth Properties Makes $25 Million Loan Prepayment
Seritage Growth Properties Class A (SRG)
NASDAQ:AMEX Investor Relations:
ir.seritage.com
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Seritage Growth Properties (NYSE: SRG) (the “Company”), a national owner and developer of retail, residential and mixed-use properties, today announced that on October 23, 2024, the Company has made a voluntary prepayment of $25 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”).With the prepayments, the Company has now repaid a total of $1.345 billion since December 2021 and $255 million of the term loan facility remains outstanding. The current prepayments will reduce Seritage’s total annual interest expense related to the term loan facility by approximately $1.75 million. The cumulative repayments since December 2021 have reduced Seritage’s total annual interest expense related to the term loan facility by approximately $94.1 million.About Seritage Growth PropertiesSeritage is principally engaged in the ownership, development, redevelopment, management and leasing
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News
- Seritage Growth Properties Third Quarter 2024 Earnings: US$0.41 loss per share (vs US$0.038 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Seritage Growth Properties Reports Third Quarter 2024 Operating Results [Yahoo! Finance]Yahoo! Finance
- Seritage Growth Properties Reports Third Quarter 2024 Operating ResultsBusiness Wire
- Seritage Growth Properties (NYSE: SRG) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- SERITAGE ALERT: Bragar Eagel & Squire, P.C. is Investigating Seritage Growth Properties on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
SRG
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- SRG's page on the SEC website