Company: GTY
Filing Date: 2025-12-03
Form Type: 8-K
Source: 0001193125-25-306965
Chunk: 0

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-12-03
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01.

Entry into a Material Definitive Agreement.

On November 19, 2025, Getty Realty Corp. (the “ Company”) entered into a Note Purchase and Guaranty Agreement (the “ Note Purchase Agreement”) with various purchasers named therein (the “ Purchasers”) in connection with a private placement of senior unsecured notes.

Pursuant to the Note Purchase Agreement, on or before January 22, 2026, the Company will sell to the Purchasers $250,000,000 of 5.76% Series U Guaranteed Senior Notes due January 22, 2036 (the “ Series U Notes”).

The Note Purchase Agreement contains customary financial covenants such as maximum consolidated leverage ratio, minimum fixed charge coverage ratio, minimum unencumbered interest coverage ratio, maximum secured indebtedness, minimum consolidated tangible net worth and maximum unsecured leverage ratio, as well as limitations on restricted payments, which may limit the Company’s ability to incur additional debt or pay dividends. The Note Purchase Agreement also contains customary events of default, including default under the third amended and restated credit agreement dated January 23, 2025 between the Company and a group of banks led by Bank of America, N. A. (the “ Third Restated Credit Agreement”) and failure to maintain REIT status. Any event of default, if not cured or waived, could result in the acceleration of the Company’s indebtedness under the Note Purchase Agreement and could also give rise to an event of default under, and result in the acceleration of the Company’s obligations under, the Second Restated Credit Agreement.

The Company will use the net proceeds from the issuance of the Series U Notes to repay borrowings under its unsecured revolving credit facility and for general corporate purposes, including to fund investment activity.

The foregoing descriptions of the Note Purchase Agreement does not purport to be complete and is subject to, and qualified in their entirety by reference to, the full text of such documents, copies of which will be filed as Exhibits to the Company’s Annual Report on Form 10-K for the year ending December 31, 2025.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On November 20, 2025, the Company issued a press release announcing its entry into the