---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-093876"
form_type: "8-K"
ticker: "SITC"
cik: "0000894315"
company_name: "SITE Centers Corp."
filed_at: "2024-08-08T23:59:59+00:00"
generated_at: "2026-05-31T11:31:05.274297+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SITE Centers closes $530M mortgage loan facility to repay debt ahead of Curbline spin-off

## Summary
- Closed $530 million mortgage loan facility from affiliates of Atlas SP Partners and Athene Annuity and Life Company on August 7, 2024.
- Loan secured by 23 properties, matures September 6, 2026, with two one-year extension options subject to debt yield thresholds.
- Interest rate is 30-day Term SOFR plus 2.75% per annum, with a 3.50% floor and required interest rate cap at 6.25%.
- Proceeds used to repay senior unsecured indebtedness prior to the spin-off of convenience real estate into Curbline Properties Corp.
- Company terminated the prior $1.1 billion financing commitment from October 2023 in connection with this new facility.

## SEC filing metadata
- accession: 0000950170-24-093876
- form_type: 8-K
- ticker: SITC
- cik: 0000894315
- company_name: SITE Centers Corp.
- filed_at: 2024-08-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894315/000095017024093876/0000950170-24-093876-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894315/000095017024093876/sitc-20240807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-093876
- JSON: https://secwatch.observer/filing/0000950170-24-093876.json
- Plain text: https://secwatch.observer/filing/0000950170-24-093876.txt

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