Seritage Growth Properties Makes $130 Million Loan Prepayment, Reduces Outstanding Debt to $70 Million
Seritage Growth Properties has made a $130 million prepayment on its $1.6 billion term loan from Berkshire Hathaway, reducing its outstanding debt to $70 million. This move, funded by recent property sales, cuts annual interest expenses by $9.2 million. Since December 2021, Seritage has repaid $1.53 billion, lowering annual interest costs by $108.6 million.
Seritage Growth Properties has announced a voluntary prepayment of $130 million toward its $1.6 billion term loan facility from Berkshire Hathaway Life Insurance Company of Nebraska. The prepayment was funded by proceeds from recent property sales, including the sale of the company’s Aventura, Florida property. With this transaction, Seritage has now repaid a total of $1.53 billion since December 2021, leaving $70 million outstanding on the term loan. The company stated that the latest prepayment will reduce its annual interest expense related to the facility by approximately $9.2 million, and cumulative repayments have reduced annual interest costs by about $108.6 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: 20251125430839) on November 25, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
