Seritage Growth Properties prepays $20M on Berkshire Hathaway term loan; $50M remains

Seritage Growth Properties

Voluntary $20M prepayment on $1.6B term loan facility with Berkshire Hathaway Life Insurance Company.
Cumulative repayments since Dec 2021 total $1.55B; $50M remains outstanding.
Current prepayment reduces annual interest expense by ~$1.4M; cumulative reduction ~$110M.
Term loan originally dated July 31, 2018, and amended multiple times through Nov 2024.

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