Getty Realty Corp. Announces New $200 Million Unsecured Term Loan
Key Highlights
- ➤$200 million unsecured term loan funds portion of recently completed Refuel transaction
- ➤Term loan matures October 16, 2028, with three optional twelve-month extensions
- ➤5.03% effective interest rate at closing; SOFR margin ranges from 0.75% to 1.55%
- ➤Revolver amendments remove SOFR spread adjustment and enable ratings-based pricing election
Expert Statements
Brian Dickman, Chief Financial Officer of Getty Realty Corp.
“We are pleased to complete this transaction, and appreciate the continued support of our relationship banks.”
Brian Dickman, Chief Financial Officer of Getty Realty Corp.
“The new term loan effectively funds a portion of our recent Refuel transaction, as previously announced, and provides us with significant balance sheet flexibility as our platform continues to scale and the capital markets stabilize.”
Brian Dickman, Chief Financial Officer of Getty Realty Corp.
“Additionally, the related amendments to our credit agreement reduce borrowing costs under our Revolver, further validating the strength of our portfolio and credit profile.”
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”), a net lease REIT focused on convenience and automotive retail real estate, announced today that the Company entered into a new senior unsecured term loan (the “Term Loan”) with a group of existing lenders in an aggregate principal amount of $200 million. The Company used the proceeds to repay amounts outstanding under its revolving credit facility (the “Revolver”), including borrowings used to fund a portion of its recently completed Refuel transaction.
The Term Loan matures October 16, 2028 with three twelve-month extensions exercisable at the Company's option, subject to certain conditions. Borrowings under the Term Loan bear interest at a rate equal to (i) the sum of a SOFR rate plus a margin of 0.75% to 1.55%, or (ii) the sum of a base rate plus a margin of 0.00% to 0.50%, in each case based on the Company's credit rating. The effective interest rate on the Term Loan at closing was 5.03%.
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