Financing ·
Getty Realty Corp. prices $200M senior unsecured term loan at 5.03% effective rate
GTYGetty Realty Corp
Getty Realty Corp. entered into a new senior unsecured term loan with an aggregate principal amount of $200 million, priced at an effective interest rate of 5.03%. The proceeds were used to repay amounts outstanding under its revolving credit facility, including borrowings associated with the Refuel transaction. The financing includes three twelve-month extension options and amends existing credit terms by removing a 10 basis point SOFR adjustment and revising investment grade rating definitions to allow for ratings-based pricing grids. Getty Realty Corp. is a publicly traded net lease REIT specializing in convenience, automotive, and single-tenant retail real estate.