# Getty Realty Secures $200 Million Term Loan to Pay Down Debt

- URL: https://stocks.freetheai.org/news/getty-realty-secures-200-million-term-loan-to-pay-down-debt-3100d9
- Published: 2026-10-19T20:05:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [NYSE:GTY](https://stocks.freetheai.org/symbols/NYSE-GTY)
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Getty Realty Corp. (GTY) has secured a $200 million senior unsecured term loan from existing lenders, using the proceeds to repay outstanding balances under its revolving credit facility. The repaid debt includes borrowings previously used to fund part of its recent Refuel transaction. Shares of the real estate investment trust traded down 1.97% to $27.82 following the news.

The new debt arrangement carries an initial effective interest rate of 5.03% and matures on October 16, 2028, with options to extend the term by up to three years. In addition, the company modified its existing credit agreement to eliminate a 10.0 basis point spread adjustment on SOFR revolver borrowings and updated its credit rating pricing terms to lower overall borrowing costs.

Investors will monitor how the refinancing supports the company's capital flexibility as it scales its retail platform. Getty Realty Corp. specializes in convenience and automotive retail real estate, holding 1,269 freestanding properties across 46 states and Washington, D.C. as of late September 2026.

## Key points

- Getty Realty Corp. entered into a $200 million senior unsecured term loan maturing in October 2028.
- Proceeds were used to repay revolving credit facility balances related to its Refuel transaction.
- The term loan closed with an initial effective interest rate of 5.03% and three 12-month extension options.
- Credit agreement amendments removed a 10.0 basis point spread adjustment to reduce borrowing costs.

## Questions and answers

### What is Getty Realty's new term loan amount?

Getty Realty Corp. obtained a $200 million senior unsecured term loan maturing on October 16, 2028, with an initial effective interest rate of 5.03%.

### How will Getty Realty use the term loan proceeds?

The company used the funds to pay down outstanding revolving credit facility debt, including borrowings used for its Refuel transaction.

### How do the credit agreement amendments help Getty Realty?

The amendments removed a 10.0 basis point credit spread adjustment on revolver borrowings and modified rating pricing terms to reduce overall borrowing costs.