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Fly News Breaks for September 17, 2019
GTY
Sep 17, 2019 | 13:53 EDT
JMP Securities analyst Mitch Germain maintained a Market Perform rating on Getty Realty following a private placement of senior unsecured notes, saying the issuance provides additional dry powder, and signals that deployment activity may accelerate in the latter part of 2019. Additionally, the analyst tells investors in a research note that the debt refinancing strengthens the balance sheet by extending weighted average maturity while lowering the company's weighted average cost of capital.
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