Seritage Growth Properties makes $15M voluntary loan prepayment; $240M remains outstanding

Seritage Growth Properties

Voluntary prepayment of $15M on term loan facility with Berkshire Hathaway made Nov 27, 2024.
After prepayment, $240M remains outstanding on the $1.6B facility.
This prepayment reduces annual interest expense by approximately $1.05M.
Cumulative repayments since Dec 2021 total $1.36B, reducing annual interest by $95.2M.

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