Getty Realty Corp. Completes $250 Million Private Placement of Senior Unsecured Notes
Financing Announcement: Getty Realty Corp. has announced the issuance of $250 million in senior unsecured notes with a ten-year term and a fixed interest rate of 5.76%, set to fund on January 22, 2026.
Use of Proceeds: The proceeds from the notes will be used to repay outstanding amounts under the company's $450 million revolving credit facility and for general corporate purposes, including investment activities.
Debt Management: The financing will allow Getty to manage its Revolver borrowings more effectively and enhance its capacity for future investments, with a projected weighted-average debt maturity exceeding 6.0 years.
Securities Registration: The senior unsecured notes have not been registered under U.S. securities laws and cannot be offered or sold in the U.S. without proper registration or exemption.
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