---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-053982"
form_type: "8-K"
ticker: "GTY"
cik: "0001052752"
company_name: "GETTY REALTY CORP /MD/"
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:37:28.683945+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Getty Realty enters $150M unsecured term loan; $75M drawn, $75M accordion

## Summary
- Term loan of $150M, with $75M drawn at closing to repay revolver; $75M available for 180 days.
- Matures Oct 17, 2025, with one-year extension option; SOFR + 1.30-1.90% margin.
- Entered $150M interest rate swaps fixing SOFR at 4.73%; effective rate 6.13%.
- Proceeds to fund investment pipeline; lenders include BofA, JPMorgan, TD, Capital One.

## SEC filing metadata
- accession: 0000950170-23-053982
- form_type: 8-K
- ticker: GTY
- cik: 0001052752
- company_name: GETTY REALTY CORP /MD/
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/0000950170-23-053982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/gty-20231017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-053982
- JSON: https://secwatch.observer/filing/0000950170-23-053982.json
- Plain text: https://secwatch.observer/filing/0000950170-23-053982.txt

## Key facts
- Debt Financings
  GETTY REALTY CORP /MD/ incurred term loan of $150,000,000 with the lenders named therein at SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90% maturing October 17, 2025.
  - Instrument: term loan
  - Principal: $150,000,000
  - Counterparty: the lenders named therein
  - Rate: SOFR rate plus a SOFR adjustment of 0.10% plus a margin of 1.30% to 1.90%
  - Maturity: October 17, 2025
  - Event: incurrence
  source text: On October 17, 2023, Getty Realty Corp. (the “Company”) entered into a term loan credit agreement that provides for a senior unsecured term loan (the "Term Loan") in an aggregate principal amount of $150,000,000 with the lenders named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/0000950170-23-053982-index.htm
- Material Agreements
  GETTY REALTY CORP /MD/ entered into Term Loan with the lenders named therein valued at $150,000,000 (effective 2023-10-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the lenders named therein
  - Value: $150,000,000
  - Effective: 2023-10-17
  source text: On October 17, 2023, Getty Realty Corp. (the “Company”) entered into a term loan credit agreement that provides for a senior unsecured term loan (the "Term Loan") in an aggregate principal amount of $150,000,000 with the lenders named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/0000950170-23-053982-index.htm

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