Getty Realty Raises $125 Million From Senior Notes Placement

MT Newswires Live11-26

Getty Realty (GTY) said Monday it has closed its private placement of $125 million senior unsecured notes.

The placement included $50 million of notes priced at a fixed rate of 5.52% and maturing Sept. 12, 2029, and $75 million of notes priced at 5.70% and due Feb. 22, 2032, the company said.

Getty said it plans to use the proceeds to repay its $50 million of 4.75% series C senior unsecured notes due Feb. 25, 2025, and for general corporate purposes.

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