LOAN AND SECURITY AGREEMENT
Signed Jul 24, 2026
- Committed
- $15m
- Matures
- Jul 2028
- Agent
- Not stated
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Term Loan A | $15m | Jul 2028 | n/a |
Lenders: b1BANK
Seritage Growth Properties
$65m committed across 3 active facilities, next covenant test Sep 30, 2026. SRG · SRG-PA
Recent changes
CovenantTestedHeadroomLimit now
Tested quarterlyHeadroom not yet measured$5m
Maintain Cash and Equivalents in excess of $5,000,000.00.Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured1.15x
Borrower will maintain a Debt Service Coverage Ratio of at least 1.15 to 1.00, to be tested at the end of each calendar quarter.Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured$5m
(i) FIVE MILLION AND 00/100 DOLLARS ($5,000,000.00), measured as of the last day of each calendar quarter,Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured$5m
Borrower shall demonstrate to Lender that Borrower and Real Estate Borrower have as of the last date of such calendar quarter, in the aggregate, Minimum Liquidity in an amount no less than FIVE MILLION AND 00/100 DOLLARS ($5,000,000.00).Read the filing on sec.gov ↗
OMNIBUS AGREEMENT
Signed Jul 24, 2026
- Committed
- $25m
- Matures
- n/a
- Agent
- Not stated
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $25m | n/a | n/a |
Priced over Other (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level initial | initially | n/a | n/a |
§5(d)
Lenders: b1BANK
Business Loan Agreement
Signed Jul 24, 2026
- Committed
- $25m
- Matures
- n/a
- Agent
- Not stated
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $25m | n/a | n/a |
Lenders: b1BANK
No amendments on file yet.
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