SITE Centers (NYSE: SITC) retires $64.0M loan and ends financing deal

Rhea-AI Filing Summary

SITE Centers Corp. disclosed that it has repaid in full all amounts outstanding under a loan agreement with affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company. On December 18, 2025, the company paid off approximately $64.0 million of principal, terminating this material definitive financing arrangement entered into on August 7, 2024. The repayment removes this specific debt obligation from the company’s capital structure.

Insights

Credit and capital structure analyst

SITE Centers retired a $64.0M loan, simplifying its debt profile.

SITE Centers Corp. reports that on December 18, 2025 it fully repaid the loan agreement originally dated August 7, 2024. The principal amount outstanding at repayment was approximately $64.0 million, owed to affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company.

Ending this material definitive agreement removes one specific borrowing and any related covenants tied to that facility. The filing does not quantify the company’s overall debt levels, so the relative scale of this repayment within its broader capital structure is not indicated in the excerpt.

Subsequent periodic reports may show how interest expense and total debt balances change after this December 18, 2025 payoff, giving a clearer picture of the long-term impact on leverage and financing costs.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 18, 2025

SITE Centers Corp.

(Exact name of Registrant as Specified in Its Charter)

Ohio			1-11690	34-1723097
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
3300 Enterprise Parkway
Beachwood, Ohio				44122
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (216) 755-5500

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares, Par Value $0.10 Per Share		SITC		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

On December 18, 2025, SITE Centers Corp. (the “Company”) repaid in full all amounts outstanding under the Loan Agreement, dated August 7, 2024 (the “Loan Agreement”), by and among certain subsidiaries of the Company and affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company. At the time of the repayment, the principal amount outstanding under the Loan Agreement was approximately $64.0 million.

The terms of the Loan Agreement are summarized in the Company’s Current Report on Form 8-K (File No. 001-11690) filed with the Securities and Exchange Commission on August 8, 2024, which are incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	December 22, 2025	By:	/s/ Aaron M. Kitlowski
			Name: Aaron M. Kitlowski Title: Executive Vice President, General Counsel and Secretary

FAQ

What agreement did SITE Centers Corp. (SITC) terminate in this 8-K?

The company terminated a material definitive Loan Agreement dated August 7, 2024, between certain of its subsidiaries and affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company by repaying the outstanding amounts in full.

How much debt did SITE Centers Corp. repay under the terminated loan?

At the time of repayment on December 18, 2025, the principal amount outstanding under the Loan Agreement was approximately $64.0 million, which SITE Centers Corp. repaid in full.

When did SITE Centers Corp. complete the repayment of the $64.0 million loan?

SITE Centers Corp. completed the full repayment of the Loan Agreement on December 18, 2025, eliminating the approximately $64.0 million principal outstanding at that time.

Who were the lenders under SITE Centers Corp.’s repaid Loan Agreement?

The lenders under the repaid Loan Agreement were affiliates of Atlas SP Partners, L.P. and Athene Annuity and Life Company, as described in the disclosure.

Where can investors find more detail on SITE Centers Corp.’s Loan Agreement terms?

The terms of the Loan Agreement are summarized in SITE Centers Corp.’s prior filing with the Securities and Exchange Commission (File No. 001-11690) dated August 8, 2024, which is incorporated by reference.

Does this 8-K mention any new borrowing to replace the repaid $64.0 million loan?

This disclosure states only that SITE Centers Corp. repaid in full approximately $64.0 million under the Loan Agreement and does not describe any new replacement borrowing in the provided excerpt.