secwatch.observer — SEC 8-K summary
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Issuer:     GETTY REALTY CORP /MD/ (GTY)
CIK:        0001052752
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0000950170-25-009847
Event type: debt
Sentiment:  positive
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1052752/000095017025009847/0000950170-25-009847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1052752/000095017025009847/gty-20250123.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-009847

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