---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-049963"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:40:43.350588+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Seritage makes $80M prepayment on term loan; $400M remains outstanding

## Summary
- Voluntary $80M prepayment on $1.6B term loan with Berkshire Hathaway Life Insurance.
- Cumulative repayments total $1.2B since Dec 2021; $400M outstanding after prepayment.
- Prepayment reduces annual interest expense by ~$5.6M; cumulative savings ~$84M.

## SEC filing metadata
- accession: 0000950170-23-049963
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000095017023049963/0000950170-23-049963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017023049963/srg-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-049963
- JSON: https://secwatch.observer/filing/0000950170-23-049963.json
- Plain text: https://secwatch.observer/filing/0000950170-23-049963.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.