Seritage prepays $50M on term loan; $280M remains, interest expense reduced $3.5M annually

Seritage Growth Properties

Voluntary prepayments of $50M on $1.6B term loan with Berkshire Hathaway Life Insurance Co.
Total repayments since Dec 2021: $1.32B; remaining outstanding: $280M.
Prepayment reduces annual interest expense by approx. $3.5M; cumulative reduction $92.4M since Dec 2021.

item 7.01 item 9.01

Seritage Growth Properties filing history →

Source: SEC EDGAR

accession 0000950170-24-047704

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.