Seritage Growth Properties Files 8-K with Material Agreement

TL;DR

SRG filed an 8-K for a material agreement, check financials.

AI Summary

Seritage Growth Properties entered into a Material Definitive Agreement on November 20, 2024. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Maryland and its principal executive offices are located in New York.

Why It Matters

This filing indicates a significant new agreement for Seritage Growth Properties, which could impact its financial performance and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's future performance.

Key Numbers

• 001-37420 — SEC File Number (Identifies the company's filing history 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
• November 20, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan

Filing Documents

• srg-20241120.htm (8-K) — 45KB
• srg-ex10_1.htm (EX-10.1) — 10KB
• 0000950170-24-129485.txt ( ) — 196KB
• srg-20241120.xsd (EX-101.SCH) — 43KB
• srg-20241120_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On November 20, 2024, Seritage Growth Properties L.P. (the "Operating Partnership"), Seritage Growth Properties (the "Company"), and Berkshire Hathaway Life Insurance Company of Nebraska ("Berkshire Hathaway") entered into an amendment to the Senior Secured Term Loan Agreement by and among the Operating Partnership as borrower, the Company as parent and guarantor and Berkshire Hathaway as initial lender and administrative agent pursuant to which the Operating Partnership, the Company and Berkshire Hathaway mutually agreed that the Senior Secured Term Loan Agreement may, at the Operating Partnership's election, be extended for one year from July 31, 2025 (the "Maturity Date") to July 31, 2026 if the Operating Partnership pays a two percent (2%) extension fee on the then outstanding principal amount as of the Maturity Date. If the Operating Partnership exercises the extension option, all other terms under the Senior Secured Term Loan Agreement shall remain unchanged during the extension period including the interest rate and the Incremental Facility Fee in accordance with section 2.06(d) of the Senior Secured Term Loan Agreement. The foregoing description of the amendment to the Senior Secured Term Loan Agreement is subject to and qualified in its entirety by reference to the copy of the agreement attached as Exhibit 10.1 herewith.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amendment No. 4 to the Senior Secured Term Loan Agreement, dated November 20, 2024, among Seritage Growth Properties L.P., Seritage Growth Properties and Berkshire Hathaway Life Insurance Company of Nebraska. 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: November 21, 2024 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR