Seritage Growth Properties Files 8-K

TL;DR

SRG filed an 8-K, likely containing important updates for investors.

AI Summary

On November 27, 2024, Seritage Growth Properties filed an 8-K report. The filing primarily concerns Regulation FD Disclosure and Financial Statements and Exhibits. No specific financial figures or material events were detailed in the provided excerpt, but it establishes the reporting date and company information.

Why It Matters

This filing indicates Seritage Growth Properties is providing updates or disclosures required by the SEC, which could contain material information for investors.

Risk Assessment

Risk Level: low — The provided excerpt is a standard SEC filing notification and does not contain specific financial or operational details that would indicate immediate risk.

Key Players & Entities

• Seritage Growth Properties (company) — Registrant
• November 27, 2024 (date) — Date of earliest event reported
• 500 Fifth Avenue, Suite 1530 (location) — Principal Executive Offices Address
• New York, New York (location) — Principal Executive Offices City and State
• 10110 (location) — Principal Executive Offices Zip Code

FAQ

Key Financial Figures

• $0.01 — hares of beneficial interest, par value $0.01 per share SRG New York Stock Exchan
• $15 million — that it made a voluntary prepayment of $15 million under its $1.6 billion Senior Secured T
• $1.6 billion — ary prepayment of $15 million under its $1.6 billion Senior Secured Term Loan Agreement, dat
• $240 million — Agreement"). Following the prepayment, $240 million remains outstanding under the Term Loan
• $1.05 million — the term loan facility by approximately $1.05 million. In accordance with General Instructi

Filing Documents

• srg-20241127.htm (8-K) — 45KB
• srg-ex99_1.htm (EX-99.1) — 10KB
• 0000950170-24-132257.txt ( ) — 198KB
• srg-20241127.xsd (EX-101.SCH) — 43KB
• srg-20241127_htm.xml (XML) — 6KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On December 2, 2024, Seritage Growth Properties (the "Company") announced that it made a voluntary prepayment of $15 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, by amendment no. 3, dated June 16, 2022, and by amendment no. 4, dated November 20, 2024, the "Term Loan Agreement"). Following the prepayment, $240 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 $1.05 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 December 2, 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: December 2, 2024 By: /s/ Matthew Fernand Matthew Fernand Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR