{"filing":{"accession_number":"0001193125-26-321213","cik":"0001628063","ticker":"SRG-PA","company_name":"Seritage Growth Properties","form":"8-K","filing_date":"2026-07-28","report_date":"2026-07-24","primary_document":"srg-20260724.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1628063/000119312526321213/srg-20260724.htm"},"events":[{"id":21208,"run_id":19118,"accession_number":"0001193125-26-321213","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Seritage Growth Properties entered into two new loan agreements with b1Bank on July 24, 2026: a $15.0 million term loan facility and a $25.0 million revolving loan facility, with $15.0 million drawn at closing. The company used proceeds to refinance and repay an existing $50.0 million loan from Berkshire Hathaway that was due July 31, 2026, representing a material refinancing of the company's debt structure.","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28","form":"8-K","submitted_at":null,"items":[{"id":20782,"accession_number":"0001193125-26-321213","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Seritage Growth Properties entered into two new loan agreements on July 24, 2026: a $15.0 million term loan facility and a $25.0 million revolving loan facility with b1Bank. The company drew $15.0 million at closing and used proceeds to refinance an existing $50.0 million loan from Berkshire Hathaway. This represents the creation of new direct financial obligations totaling $40.0 million in funded debt, which is material to a REIT's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"","ticker":null,"filing_date":""},{"id":20783,"accession_number":"0001193125-26-321213","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.45,"reasoning":"The filing discloses termination of a $50 million loan agreement through repayment on July 24, 2026, just days before its scheduled July 31 maturity. While Item 1.02 addresses termination of material agreements, the substance here is debt repayment and refinancing activity. The material event is the elimination of a direct financial obligation, which most closely aligns with debt management activity. However, the classification is ambiguous because the filing does not disclose what financing replaced the terminated loan, making it unclear whether this represents a refinancing (debt_issuance) or simply a payoff (financial_other).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"","ticker":null,"filing_date":""},{"id":20784,"accession_number":"0001193125-26-321213","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions, dispositions, or related financing arrangements. For a REIT like Seritage Growth Properties, debt issuance is a material capital event affecting the registrant's financial structure and leverage profile.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":21209,"run_id":19118,"accession_number":"0001193125-26-321213","anchor_item_number":"8.01","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.98,"summary":"The Board of Trustees declared a cash dividend of $0.4375 per share on the Company's 7.00% Series A Cumulative Redeemable Preferred Shares, payable on October 15, 2026.","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28","form":"8-K","submitted_at":null,"items":[{"id":20785,"accession_number":"0001193125-26-321213","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"The Board of Trustees declared a cash dividend of $0.4375 per share on the Company's 7.00% Series A Cumulative Redeemable Preferred Shares, with a payment date of October 15, 2026. This is a straightforward dividend declaration on preferred equity, which is a material capital distribution event that affects investor returns and the company's cash position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":20782,"accession_number":"0001193125-26-321213","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Seritage Growth Properties entered into two new loan agreements on July 24, 2026: a $15.0 million term loan facility and a $25.0 million revolving loan facility with b1Bank. The company drew $15.0 million at closing and used proceeds to refinance an existing $50.0 million loan from Berkshire Hathaway. This represents the creation of new direct financial obligations totaling $40.0 million in funded debt, which is material to a REIT's capital structure and financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28"},{"id":20783,"accession_number":"0001193125-26-321213","item_number":"1.02","item_title":"Termination of a Material Definitive Agreement","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.45,"reasoning":"The filing discloses termination of a $50 million loan agreement through repayment on July 24, 2026, just days before its scheduled July 31 maturity. While Item 1.02 addresses termination of material agreements, the substance here is debt repayment and refinancing activity. The material event is the elimination of a direct financial obligation, which most closely aligns with debt management activity. However, the classification is ambiguous because the filing does not disclose what financing replaced the terminated loan, making it unclear whether this represents a refinancing (debt_issuance) or simply a payoff (financial_other).","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28"},{"id":20784,"accession_number":"0001193125-26-321213","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Item 2.03 is the dedicated disclosure item for creation of direct financial obligations, typically debt issuances. The filing incorporates Item 1.01 by reference, which commonly covers material acquisitions, dispositions, or related financing arrangements. For a REIT like Seritage Growth Properties, debt issuance is a material capital event affecting the registrant's financial structure and leverage profile.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28"},{"id":20785,"accession_number":"0001193125-26-321213","item_number":"8.01","item_title":"Other Events.","event_type":"dividend_distribution","event_domain":"financial","is_material":true,"confidence":0.98,"reasoning":"The Board of Trustees declared a cash dividend of $0.4375 per share on the Company's 7.00% Series A Cumulative Redeemable Preferred Shares, with a payment date of October 15, 2026. This is a straightforward dividend declaration on preferred equity, which is a material capital distribution event that affects investor returns and the company's cash position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-29T00:02:56.964598+00:00","company_name":"Seritage Growth Properties","ticker":"SRG-PA","filing_date":"2026-07-28"}]}