Seritage Growth Properties Files 8-K

TL;DR

SRG filed an 8-K on 4/23/24 for Reg FD disclosure and financials.

AI Summary

On April 23, 2024, Seritage Growth Properties filed an 8-K report. The filing primarily serves as a notification of a Regulation FD Disclosure and the filing of Financial Statements and Exhibits. No specific financial transactions or material events were detailed in the provided excerpt.

Why It Matters

This 8-K filing indicates Seritage Growth Properties is providing updated disclosures and financial information to the SEC, which could be relevant for investors monitoring the company's financial health and regulatory compliance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure and does not contain information indicating immediate or significant risks.

Key Numbers

• 001-37420 — SEC File Number (Identifies the company's filing with the SEC.)
• 38-3976287 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• Maryland (jurisdiction) — State of Incorporation
• New York (location) — Principal Executive Offices City

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $50 million — made voluntary prepayments aggregating $50 million under its $1.6 billion Senior Secured T
• $1.6 billion — ments aggregating $50 million under its $1.6 billion Senior Secured Term Loan Agreement, dat
• $280 million — Agreement"). Following the prepayments, $280 million remains outstanding under the Term Loan
• $3.5 million — the term loan facility by approximately $3.5 million. In accordance with General Instructi

Filing Documents

• srg-20240423.htm (8-K) — 42KB
• srg-ex99_1.htm (EX-99.1) — 10KB
• 0000950170-24-047704.txt ( ) — 195KB
• srg-20240423.xsd (EX-101.SCH) — 43KB
• srg-20240423_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On April 24, 2024, Seritage Growth Properties (the "Company") announced that between April 23, 2024 and April 24, 2024 it made voluntary prepayments aggregating $50 million under its $1.6 billion Senior Secured Term Loan Agreement, dated July 31, 2018, among the Company, Seritage Growth Properties, L.P. and Berkshire Hathaway Life Insurance Company of Nebraska (as amended by amendment no. 1, dated May 5, 2020, by amendment no. 2, dated November 24, 2021, and by amendment no. 3, dated June 16, 2022, the "Term Loan Agreement"). Following the prepayments, $280 million remains outstanding under the Term Loan Agreement. The prepayment will also reduce the Company's total annual interest expense related to the term loan facility by approximately $3.5 million. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated April 24, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. SERITAGE GROWTH PROPERTIES Date: April 24, 2024 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR