CTO Realty Growth Completes Convertible Notes Exchange

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CTO Realty Growth Completes Convertible Notes Exchange

CTO Realty Growth ( (CTO) ) just unveiled an announcement.

On April 3, 2025, CTO Realty Growth, Inc. completed privately-negotiated transactions with holders of $35.2 million in Convertible Senior Notes, exchanging them for 1,089,555 shares of common stock and $29 million in cash. This move reduced the outstanding principal amount of the Notes to $15.8 million, which is scheduled to be settled in cash by April 15, 2025. The transaction reflects CTO’s strategic financial management and impacts its financial obligations, potentially affecting stakeholder interests.

More about CTO Realty Growth

CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc.

YTD Price Performance: 0.67%

Average Trading Volume: 330,197

Technical Sentiment Signal: Strong Sell

Current Market Cap: $616.5M

See more data about CTO stock on TipRanks’ Stock Analysis page.

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