secwatch.observer — SEC 8-K summary
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Issuer:     Seritage Growth Properties (SRG)
CIK:        0001628063
Form:       8-K/A
Filed at:   2025-12-05T23:59:59+00:00
Accession:  0001193125-25-308315
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1628063/000119312525308315/0001193125-25-308315-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1628063/000119312525308315/srg-20251204.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-308315

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