Seritage Growth Properties Makes $200M Voluntary Loan Prepayment
Portfolio Pulse from Benzinga Newsdesk
Seritage Growth Properties has made a voluntary prepayment of $200 million towards its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska.
May 30, 2023 | 10:58 am
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Seritage Growth Properties' $200 million voluntary prepayment on its $1.6 billion term loan may improve its financial position.
The voluntary prepayment of $200 million by Seritage Growth Properties towards its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska may improve the company's financial position by reducing its debt burden and interest expenses. This could have a positive impact on the company's stock price in the short term.
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