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Stock impact report

Seritage Growth Properties Reports Third Quarter 2024 Operating Results [Yahoo! Finance]

Seritage Growth Properties Class A (SRG) 
NASDAQ:AMEX Investor Relations: ir.seritage.com
Company Research Source: Yahoo! Finance
and mixed-use properties today reported financial and operating results for the three and nine months ended September 30, 2024. "We have made tremendous strides in simplifying our portfolio and improving our balance sheet while maintaining and enhancing our best assets. Our near term priority is our pending term loan maturity in July 2025, and we are simultaneously exploring multiple options to determine which would be the most beneficial to our shareholders. To this end, we are currently engaged in the following: discussions with our current lender on a potential extension of the maturity, in the market for a possible refinancing of the debt with other lenders, pursuing other recapitalization options, and continuing to explore other strategic alternatives. We are doing all of this while continuing our plan of sale and further reducing our debt," said Andrea L. Olshan, Chief Executive Officer. Sale Highlights: Generated $24.0 million of gross proceeds from the sale of an income Show less Read more
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