secwatch.observer — SEC 8-K summary
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Issuer:     GETTY REALTY CORP /MD/ (GTY)
CIK:        0001052752
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000950170-23-053982
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/0000950170-23-053982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1052752/000095017023053982/gty-20231017.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer