Getty Realty enters $450M revolver, repays $150M term loan, extends maturity to 2029

GETTY REALTY CORP /MD/

New $450M revolving credit facility matures Jan 2029, with two 6-month extension options and a $300M accordion feature.
Company repaid its $150M senior unsecured term loan due Oct 2025 using the facility proceeds.
Interest rate on borrowings: SOFR + 1.30%-1.90% or base rate + 0.30%-0.90%; unused fee 0.15%-0.25%.
The $150M drawn amount is hedged via swaps fixing SOFR at 4.73% until Oct 2026 or repayment.
Getty now has no debt maturities until June 2028, improving balance-sheet flexibility.

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