Seritage Growth Properties Makes $130 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, announced that today the Company has made a voluntary prepayment of $130.0 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska (“Berkshire Hathaway”). The prepayment is being made from the proceeds of recent property sales including the sale of the Company’s Aventura, FL property.With the prepayment, the Company has now repaid a total of $1.53 billion since December 2021 and $70 million of the term loan facility remains outstanding. The current prepayment will reduce Seritage’s total annual interest expense related to the term loan facility by approximately $9.2 million. The cumulative repayments since December 2021 have reduced Seritage’s total annual interest expense related to the term loan facility by approximately $108.6 million.About Seritage Growth P
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News
- Seritage Growth Properties Makes $20 Million Loan Prepayment [Yahoo! Finance]Yahoo! Finance
- Seritage Growth Properties Makes $20 Million Loan PrepaymentBusiness Wire
- Seritage Growth Properties: Asset Sale Process Could Continue Past 2026 [Seeking Alpha]Seeking Alpha
- Seritage Growth Properties Makes $130 Million Loan Prepayment [Yahoo! Finance]Yahoo! Finance
- Seritage GAAP EPS of -$0.24, revenue of $4.78M [Seeking Alpha]Seeking Alpha
SRG
Sec Filings
- 12/5/25 - Form 8-K/A
- 12/4/25 - Form 8-K
- 11/28/25 - Form 8-K
- SRG's page on the SEC website