Getty Realty (GTY) completes $175 million private notes placement.

Getty Realty Corp. (GTY) announced today that it has completed a $175 million private placement of its 3.43% senior unsecured notes due 2030.  Proceeds from the offering were used to redeem $100 million senior notes due 2021 and reduce bank borrowings.

Getty Realty is a net-lease REIT focusing on the acquisition, ownership and redevelopment of gasoline station / convenience store properties across the U.S. The current portfolio includes 954 properties in 35 states, with many properties subject to master lease agreements and operating under national brands including BP, Conoco, Exxon, Shell, Sunoco and Valero. Getty is a member of the S&P SmallCap 600 index and has a current market capitalization of approximately $1.7 billion.