secwatch.observer — SEC 8-K summary
======================================

Issuer:     Seritage Growth Properties (SRG)
CIK:        0001628063
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000950170-24-129485
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seritage Growth Properties extends term loan maturity to July 2026 with 2% fee
------------------------------------------------------------------------------

- Amendment allows one-year extension of Senior Secured Term Loan maturity from July 31, 2025 to July 31, 2026 at Operating Partnership's election.
- Extension requires payment of a 2% fee on the outstanding principal amount as of the original maturity date.
- All other terms, including interest rate and incremental facility fee, remain unchanged during the extension period.
- Berkshire Hathaway Life Insurance Company of Nebraska is the lender and administrative agent under the amended agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628063/000095017024129485/0000950170-24-129485-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628063/000095017024129485/srg-20241120.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-129485

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