Seritage Growth Properties Files 8-K for Regulation FD Disclosure

TL;DR

SRG filed an 8-K for a Reg FD disclosure on 10/23/24. No major news, just standard reporting.

AI Summary

Seritage Growth Properties filed an 8-K on October 23, 2024, to report a Regulation FD Disclosure. The filing does not contain specific financial figures or material events beyond the disclosure itself. It confirms the company's principal executive offices are located at 500 Fifth Avenue, Suite 1530, New York, NY 10110.

Why It Matters

This filing indicates Seritage Growth Properties is making a public disclosure under Regulation FD, ensuring all investors receive the same material information simultaneously. Investors should review the full filing for details.

Risk Assessment

Risk Level: low — The filing is a routine disclosure under Regulation FD and does not report any new material events, financial changes, or significant business developments.

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• October 23, 2024 (date) — Date of Report
• 500 Fifth Avenue, Suite 1530, New York, New York 10110 (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $25 million — that it made a voluntary prepayment of $25 million under its $1.6 billion Senior Secured T
• $1.6 billion — ary prepayment of $25 million under its $1.6 billion Senior Secured Term Loan Agreement, dat
• $255 million — Agreement"). Following the prepayment, $255 million remains outstanding under the Term Loan
• $1.75 million — the term loan facility by approximately $1.75 million. In accordance with General Instructi

Filing Documents

• srg-20241023.htm (8-K) — 43KB
• srg-ex99_1.htm (EX-99.1) — 10KB
• 0000950170-24-116685.txt ( ) — 196KB
• srg-20241023.xsd (EX-101.SCH) — 43KB
• srg-20241023_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On October 23, 2024, Seritage Growth Properties (the "Company") announced that it made a voluntary prepayment of $25 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 prepayment, $255 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 $1.75 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 October 23, 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: October 23, 2024 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR