---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-047704"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:40:03.595725+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-047704
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2024-04-24T23:59:59+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/1628063/000095017024047704/0000950170-24-047704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000095017024047704/srg-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-047704
- JSON: https://secwatch.observer/filing/0000950170-24-047704.json
- Plain text: https://secwatch.observer/filing/0000950170-24-047704.txt

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