---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-321213"
form_type: "8-K"
ticker: "SRG"
cik: "0001628063"
company_name: "Seritage Growth Properties"
filed_at: "2026-07-28T21:01:14+00:00"
generated_at: "2026-07-28T21:02:07.455513+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Seritage refinances $50M Berkshire Hathaway loan with $40M b1Bank facilities; declares preferred dividend

## Summary
- Repaid $50M existing loan (7% interest, maturing July 31, 2026) with Berkshire Hathaway; no prepayment penalty.
- Entered $15M term loan (SOFR+2.75%) and $25M revolving facility (2%+money market rate, currently 3.5%) with b1Bank.
- Initial draw of $15M on revolver; $10M remains available. Maturity July 24, 2028 with one-year extension option.
- Term loan secured by three properties; revolver collateralized by $25M restricted cash. Minimum liquidity covenants apply.
- Declared $0.4375 per share preferred dividend (7.00% Series A), payable Oct 15, 2026 to holders of record Sep 30, 2026.

## SEC filing metadata
- accession: 0001193125-26-321213
- form_type: 8-K
- ticker: SRG
- cik: 0001628063
- company_name: Seritage Growth Properties
- filed_at: 2026-07-28T21:01:14+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1628063/000119312526321213/0001193125-26-321213-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1628063/000119312526321213/srg-20260724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-321213
- JSON: https://secwatch.observer/filing/0001193125-26-321213.json
- Plain text: https://secwatch.observer/filing/0001193125-26-321213.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.