Getty Realty closes $200M unsecured term loan at 5.03%, repays revolver drawn for Refuel deal

GETTY REALTY CORP /MD/

$200M senior unsecured term loan closed Oct 16, 2026; proceeds repaid revolver borrowings, including amounts used to fund part of the recently completed Refuel transaction.
Term loan matures Oct 16, 2028 with three 12-month extension options; effective rate at closing was 5.03%, priced at SOFR + 0.75%-1.55% or base rate + 0.00%-0.50% based on credit rating.
Credit agreement amendment removes the 10.0 basis point SOFR spread adjustment on revolver borrowings, reducing revolver borrowing costs.
Investment grade definition revised to require at least one Debt Rating of Baa3 or better from Moody's or BBB- or better from S&P or Fitch, down from two ratings previously.
CFO Brian Dickman said the loan 'effectively funds a portion of our recent Refuel transaction' and provides 'significant balance sheet flexibility' as the platform scales.

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