Brief: Seritage Growth Properties Reports Cash On Hand Of About $130 Million As Of March 31
04/04/2023 12:05
April 4 (Reuters) - Seritage Growth Properties SRG.N :
* SERITAGE GROWTH PROPERTIES - AS OF MARCH 31, HAD CASH ON
HAND OF
ABOUT $130 MILLION, INCLUDING $11 MILLION OF RESTRICTED CASH
* SERITAGE GROWTH PROPERTIES - AS OF APRIL 4, HAD ASSETS
UNDER
CONTRACT FOR SALE FOR TOTAL ANTICIPATED GROSS PROCEEDS OF $456.0
MILLION
* SERITAGE GROWTH PROPERTIES - ACCEPTED OFFERS, CURRENTLY
NEGOTIATING PURCHASE, SALE AGREEMENTS ON ASSETS FOR GROSS
PROCEEDS OF ABOUT $65.0 MILLION
Source text for Eikon: ID:nBw6y9QZha
Further company coverage: SRG.N
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