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An update from Seritage ( (SRG) ) is now available.
Seritage Growth Properties has made a significant $15 million prepayment on its $1.6 billion term loan, reducing the outstanding debt to $240 million and cutting its annual interest expenses by $1.05 million. This move reflects the company’s ongoing efforts to manage its financial liabilities effectively as it continues to develop and manage diverse real estate properties across the United States.
See more insights into SRG stock on TipRanks’ Stock Analysis page.