
How Investors Are Reacting To Getty Realty (GTY) Locking In US$250 Million Of Unsecured Debt

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Getty Realty Corp. has secured US$250 million in senior unsecured notes to repay revolving credit facility borrowings and fund general corporate purposes. This move reshapes its debt mix, potentially influencing its investment capacity and risk profile. The new notes, along with an expanded revolving credit facility, enhance Getty's ability to support its acquisition pipeline despite competitive pressures. The company's narrative projects $252.2 million revenue and $92.5 million earnings by 2028, with a fair value estimate of $32.14, indicating a 15% upside to its current price.
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