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Seritage Growth Properties makes $30 million prepayment on term loan
By Mary-Katherine Stinson
Lexington, Ky., Jan. 3 – Seritage Growth Properties made a voluntary $30 million prepayment on Dec. 29 on its $1.6 billion term loan with by Berkshire Hathaway Life Insurance Co. of Nebraska, according to press release.
Post-repayment, there is $1.03 billion outstanding on the term loan.
The prepayment reduces Seritage’s interest expense on the loan by about $2.1 million.
The real estate investment trust of retail, residential and mixed-use properties is based in New York.
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