Seritage Growth Properties Makes $130 Million Loan Prepayment

Core Points - Seritage Growth Properties has made a voluntary prepayment of $130 million towards its $1.6 billion term loan facility with Berkshire Hathaway, funded by recent property sales, including the Aventura, FL property [1][2] - Since December 2021, the company has repaid a total of $1.53 billion, leaving $70 million outstanding on the term loan facility, which will reduce annual interest expenses by approximately $9.2 million [2] - Cumulative repayments since December 2021 have led to a total reduction of approximately $108.6 million in annual interest expenses related to the term loan facility [2] Company Overview - Seritage Growth Properties is a national owner and developer of retail, residential, and mixed-use properties, with a portfolio consisting of interests in 13 properties, totaling approximately 1.3 million square feet of gross leasable area and 198 acres of land as of September 30, 2025 [3]