Getty Realty Corp. Closes $250 Million Private Placement of Senior Unsecured Notes

Rhea-AI Summary

Getty Realty Corp (NYSE: GTY) entered agreements to issue $250 million of senior unsecured notes due in ten years at a fixed interest rate of 5.76%.

The Notes are scheduled to fund on January 22, 2026, and proceeds will be used to repay amounts outstanding under the company’s $450 million revolving credit facility and for general corporate purposes, including investment activity.

Management said that, pro forma for the funding of the Notes, Getty will have full borrowing capacity under its Revolver and a weighted-average debt maturity greater than 6.0 years. The Notes will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States absent registration or an applicable exemption.

As of September 30, 2025, Getty’s portfolio included 1,160 freestanding properties across 44 states and Washington, D.C.

Positive

• Termed Revolver borrowings with a 10-year note
• Pro forma full borrowing capacity under $450M Revolver
• Weighted-average debt maturity > 6.0 years
• Proceeds available for investment activity

Negative

• Notes carry a fixed interest cost of 5.76%
• Notes are unregistered for U.S. public resale

News Market Reaction

-0.95%

1 alert

-0.95% News Effect

On the day this news was published, GTY declined 0.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today that it has entered into agreements to issue $250 million of senior unsecured notes with a ten-year term and a fixed interest rate of 5.76% (the “Notes”).

The Notes are scheduled to fund on January 22, 2026, and proceeds will be used to repay amounts outstanding under the Company’s $450 million revolving credit facility (the “Revolver”) and for general corporate purposes, including to fund investment activity.

“This financing allows us to term out Revolver borrowings at an attractive rate, and create capacity for additional investment activity,” said Brian Dickman, Getty’s Chief Financial Officer. “Pro forma for the funding of the Notes, we will have full borrowing capacity under our Revolver, and our weighted-average debt maturity will be more than 6.0 years.”

The senior unsecured notes have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Act and applicable state securities laws.

This press release is for informational purposes only, does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Getty Realty Corp.

Getty Realty Corp. is a publicly traded, net lease REIT specializing in the acquisition, financing and development of convenience, automotive and other single tenant retail real estate. As of September 30, 2025, the Company’s portfolio included 1,160 freestanding properties located in 44 states across the United States and Washington, D.C.

Contacts:		Brian Dickman		Investor Relations
		Chief Financial Officer		(646) 349-0598
		(646) 349-6000		ir@gettyrealty.com

FAQ

What did Getty Realty (GTY) announce on November 20, 2025?

Getty announced a $250M private placement of 10-year senior unsecured notes at a 5.76% fixed rate.

When will the GTY senior unsecured notes fund and take effect?

The Notes are scheduled to fund on January 22, 2026.

How will the GTY notes proceeds be used?

Proceeds will repay amounts outstanding under the $450M Revolver and support general corporate and investment activity.

What is the impact on Getty Realty’s debt profile after the GTY financing?

Pro forma for the Notes, Getty expects full Revolver borrowing capacity and a weighted-average debt maturity > 6.0 years.

Are the GTY notes registered for resale in the United States?

No; the Notes have not been, and will not be, registered under the U.S. Securities Act and cannot be sold in the U.S. absent registration or an exemption.

How large is Getty Realty’s property portfolio as of September 30, 2025?

Getty’s portfolio included 1,160 freestanding properties across 44 states and Washington, D.C. as of September 30, 2025.