Seritage Growth Properties Makes $20 Million Prepayment on Berkshire Hathaway Term Loan, Reducing Outstanding Debt to $50 Million
Seritage Growth Properties has made a $20 million prepayment on its $1.6 billion term loan from Berkshire Hathaway, reducing the outstanding debt to $50 million. This prepayment will lower the company's annual interest expense by approximately $1.4 million. Since December 2021, Seritage has repaid a total of $1.55 billion, cutting annual interest expenses by about $110 million.
Seritage Growth Properties has announced a voluntary prepayment of $20 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With this latest prepayment, Seritage has now repaid a total of $1.55 billion since December 2021, leaving $50 million outstanding on the term loan. The company stated that the current prepayment will reduce its annual interest expense related to the facility by approximately $1.4 million, with cumulative repayments reducing annual interest expense by about $110 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seritage Growth Properties published the original content used to generate this news brief via Business Wire (Ref. ID: 20251204553916) on December 04, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
