Getty Realty secures $200 million unsecured term loan
Bitget2026/10/19 20:11- Getty Realty entered into a new $200 million senior unsecured term loan with existing lenders.
- Proceeds repaid revolving credit facility borrowings, including amounts used to fund part of the recently completed Refuel transaction.
- The loan matures October 16, 2028, with three conditional 12-month extension options; its effective interest rate at closing was 5.03%.
- Pricing is SOFR plus 0.75%-1.55% or a base rate plus 0%-0.5%, depending on the company's credit rating.
- Related amendments removed the revolver's 10-basis-point SOFR credit spread adjustment, allowing the company to elect ratings-based rather than leverage-based pricing.
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