Company: GTY
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019976
Chunk: 73

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 73
---
 Credit Facility
     
    October 2025
     
    5.71%
     
    $
    82,500

    $
    10,000

    Term Loan
     
    October 2025
     
    6.13%

    150,000

    75,000

    Series C Notes
     
    February 2025
     
    4.75%

    50,000

    50,000

    Series D-E Notes
     
    June 2028
     
    5.47%

    100,000

    100,000

    Series F-H Notes
     
    September 2029
     
    3.52%

    125,000

    125,000

    Series I-K Notes
     
    November 2030
     
    3.43%

    175,000

    175,000

    Series L-N Notes
     
    February 2032
     
    3.45%

    100,000

    100,000

    Series O-Q Notes
     
    January 2033
     
    3.65%

    125,000

    125,000

    Total debt

    907,500

    760,000

    Unamortized debt issuance costs, net (a)

    (3,158
    )

    (5,266
    )

    Total debt, net

    $
    904,342

    $
    754,734

(a)Unamortized debt issuance costs related to the Credit Facility were $0.6 million and $1.4 million as of December 31, 2024 and 2023, respectively, and are included in prepaid expenses and other assets on our consolidated balance sheets.

Equity Offering

In July 2024, we completed a follow-on public offering of 4.0 million shares of common stock in connection with forward sales agreements. We expect to settle the forward sales agreements in full within 12 months via physical delivery of the outstanding shares of common stock in exchange for gross cash proceeds of approximately $121.2 million.

In February 2023, we completed a follow-on public offering of 3.5 million shares of common stock in connection with forward sales agreements. During the year ended December 31, 2023, we settled