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The latest update is out from Getty Realty ( (GTY) ).
Getty Realty Corp. has successfully closed a $125 million private placement of senior unsecured notes with New York Life and Prudential, aimed at addressing upcoming debt maturities and supporting growth. This financing includes $50 million at a 5.52% fixed rate maturing in 2029 and $75 million at a 5.70% rate maturing in 2032. The funds will repay existing notes and facilitate investment activities, enhancing Getty’s investment pipeline.
For an in-depth examination of GTY stock, go to TipRanks’ Stock Analysis page.
