M&A - Paramount Group, Inc.

Form Type: 8-K

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025065787

Filing Summary: On May 7, 2025, Paramount Group, Inc. announced the sale of a 25% interest in One Front Street, a 649,000 square foot Class A office building located in San Francisco. This transaction represents a gross asset valuation of $255 million. Following the completion of this transaction, the company retains a 75% interest in the property and continues to manage and lease it. As a consequence of the transaction, on May 5, 2025, Paramount Group terminated its revolving credit facility which secured the property as part of their financing arrangements. The announcement included a press release, marked as Exhibit 99.1, providing further details regarding the transaction.