By Taylor Fox
New York, Dec. 4 – Getty Realty Corp. issued $175 million of 3.43% senior unsecured notes due 2030 in a private placement with Prudential Insurance Co. of America, American General Life Insurance Co. and Massachusetts Mutual Life Insurance Co., according to a press release.
Proceeds were used to prepay in full the company’s $100 million 6% series A senior unsecured notes due Feb. 25, 2021 and repay $75 million of outstanding indebtedness on the company’s revolving credit facility.
Getty is a real estate investment trust based in Jericho, N.Y.
| Issuer: | Getty Realty Corp.
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| Issue: | Senior unsecured notes
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| Amount: | $175 million
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| Maturity: | 2030
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| Coupon: | 3.43%
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| Investors: | Prudential Insurance Co. of America, American General Life Insurance Co. and Massachusetts Mutual Life Insurance Co.
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| Settlement date: | Dec. 4
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| Distribution: | Private placement
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