Seritage Reduces Debt with $25 Million Prepayment
Company Announcements

Seritage Reduces Debt with $25 Million Prepayment

An announcement from Seritage ( (SRG) ) is now available.

Seritage Growth Properties has made a significant $25 million prepayment on its $1.6 billion term loan with Berkshire Hathaway, reducing the outstanding balance to $255 million. This move is set to cut the company’s annual interest expenses by $1.75 million, showcasing Seritage’s commitment to financial efficiency. Since December 2021, the company has repaid a total of $1.345 billion, significantly lowering its borrowing costs and reflecting a strategic focus on strengthening its financial position.

For a thorough assessment of SRG stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlySeritage Growth Properties makes $25M loan prepayment
TheFlySeritage Growth Properties rises 15.4%
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App