---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-033240"
form_type: "8-K"
ticker: null
cik: "0001368757"
company_name: "GTJ REIT, INC."
filed_at: "2024-03-19T23:59:59+00:00"
generated_at: "2026-06-04T13:08:15.616857+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GTJ REIT closes $125M refinancing with American General Life Insurance, pays off $90M Keybank facility

## Summary
- Seven-year term loan at 6.12% fixed rate, 30-year amortization, due April 1, 2031.
- Proceeds used to repay $40M Keybank revolver and $50M term loan; $35M remaining for corporate purposes.
- Loan secured by three properties located in New York and North Carolina.
- GTJ Realty, L.P. guarantees obligations; prepayment premium applies before Oct 2030.
- Refinancing extends debt maturity and reduces near-term liquidity risk.

## SEC filing metadata
- accession: 0000950170-24-033240
- form_type: 8-K
- cik: 0001368757
- company_name: GTJ REIT, INC.
- filed_at: 2024-03-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/gttj-20240315.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-033240
- JSON: https://secwatch.observer/filing/0000950170-24-033240.json
- Plain text: https://secwatch.observer/filing/0000950170-24-033240.txt

## Key facts
- Debt Financings
  GTJ REIT, INC. incurred term loan of $125 million with American General Life Insurance Company at 6.12% per annum maturing April 1, 2031.
  - Instrument: term loan
  - Principal: $125 million
  - Counterparty: American General Life Insurance Company
  - Rate: 6.12% per annum
  - Maturity: April 1, 2031
  - Event: incurrence
  source text: On March 15, 2024 (the “Closing Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of GTJ REIT, Inc., a Maryland corporation (the “Company”), refinanced the current outstanding debt on certain properties (the “Refinancing”) by entering into a new loan agreement (the “Loan Agreement”) with American General Life Insurance Company as lender (the “Lender”). The Loan Agreement provides for a secured loan in the aggregate principal amount of $125 million (the “Loan Facility”). The Loan Facility is a seven-year term loan that requires the Borrowers to make payments based on a 30-year amortization schedule at the rate of 6.12% per annum with the entire principal balance plus any accrued and unpaid interest due and payable on April 1, 2031.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm
- Material Agreements
  GTJ REIT, INC. entered into Loan Agreement with American General Life Insurance Company valued at $125 million (effective 2024-03-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: American General Life Insurance Company
  - Value: $125 million
  - Effective: 2024-03-15
  source text: On March 15, 2024 (the “Closing Date”), certain indirect subsidiaries (collectively, the “Borrowers”) of GTJ REIT, Inc., a Maryland corporation (the “Company”), refinanced the current outstanding debt on certain properties (the “Refinancing”) by entering into a new loan agreement (the “Loan Agreement”) with American General Life Insurance Company as lender (the “Lender”). The Loan Agreement provides for a secured loan in the aggregate principal amount of $125 million (the “Loan Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368757/000095017024033240/0000950170-24-033240-index.htm

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