Brief: Seritage Growth Properties Makes $30 Mln Loan Prepayment
03/01/2023 13:32
Jan 3 (Reuters) - Seritage Growth Properties SRG.N :
* SERITAGE GROWTH PROPERTIES MAKES $30 MILLION LOAN
PREPAYMENT
* SERITAGE GROWTH PROPERTIES - ON DEC 29, 2022, MADE
VOLUNTARY
PREPAYMENT OF $30 MILLION TOWARD $1.6 BILLION TERM LOAN FACILITY
PROVIDED BY BERKSHIRE HATHAWAY
* SERITAGE GROWTH PROPERTIES - WITH THE PREPAYMENT, $1.03
BILLION
OF THE TERM LOAN FACILITY REMAINS OUTSTANDING
* SERITAGE GROWTH PROPERTIES - PREPAYMENT WILL ALSO REDUCE
SERITAGE’S TOTAL ANNUAL INTEREST EXPENSE RELATED TO TERM LOAN
FACILITY BY ABOUT $2.1 MILLION
Source: (shorturl.at/btuwO)
Further company coverage: SRG.N
((Reuters.Briefs@thomsonreuters.com;))
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