Brief: Seritage Growth Properties Enters Into An Amendment To Holdco Master Lease
04/06/2020 13:09
June 4 (Reuters) - Seritage Growth Properties SRG.N :
* SERITAGE GROWTH PROPERTIES - ON JUNE 3, 2020, COMPANY
ENTERED
INTO AN AMENDMENT TO HOLDCO MASTER LEASE
* SERITAGE GROWTH PROPERTIES - UNDER AMENDMENT CO WILL
TERMINATE
HOLDCO MASTER LEASE AT 12 STORES IN RETURN FOR TERMINATION
PAYMENT OF $5.3 MILLION
* SERITAGE GROWTH PROPERTIES - UNDER AMENDMENT CO WILL ALLOW
SEARS
TO DEFER 100% OF BASE RENT AT 5 STORES FOR 6 MONTHS
Source text for Eikon: ID:nBw1lhMD1a
Further company coverage: SRG.N
((Reuters.Briefs@thomsonreuters.com;))
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