Safe & Green Holdings Closes Refinancing of Waldron Facility in Durant, OK
Safe & Green Holdings Corp. (NASDAQ: SGBX) has successfully refinanced its Waldron facility in Durant, Oklahoma, securing a new $4 million loan. This strategic move provides the company with an additional $1 million compared to the previous loan, featuring more favorable terms and a lower interest rate. The refinancing aims to free up working capital, support growing customer demand, and facilitate expansion strategies.
Key points:
- The new loan underscores the real-world value of Safe & Green Holdings' assets
- It provides greater flexibility for operational expansion
- The refinancing is non-dilutive to shareholders
- The Waldron factory in Durant, Oklahoma, operates on a 58,000 square foot facility
This financial maneuver aligns with the company's strategy to capitalize on opportunities and secure additional capital to support its growth initiatives in the modular solutions industry.
Safe & Green Holdings Corp. (NASDAQ: SGBX) ha rifinanziato con successo il proprio impianto Waldron a Durant, Oklahoma, ottenendo un nuovo prestito di 4 milioni di dollari. Questa mossa strategica fornisce all'azienda un milione di dollari in più rispetto al prestito precedente, con condizioni più favorevoli e un tasso di interesse più basso. Il rifinanziamento mira a liberare capitale circolante, supportare la crescente domanda dei clienti e facilitare le strategie di espansione.
Punti chiave:
- Il nuovo prestito sottolinea il valore reale delle attività di Safe & Green Holdings
- Fornisce maggiore flessibilità per l'espansione operativa
- Il rifinanziamento è non diluitivo per gli azionisti
- La fabbrica Waldron a Durant, Oklahoma, opera su una superficie di 58.000 piedi quadrati
Questa manovra finanziaria si allinea con la strategia dell'azienda di capitalizzare opportunità e garantire capitale aggiuntivo per sostenere le proprie iniziative di crescita nel settore delle soluzioni modulari.
Safe & Green Holdings Corp. (NASDAQ: SGBX) ha refinanciado con éxito su instalación Waldron en Durant, Oklahoma, asegurando un nuevo préstamo de 4 millones de dólares. Este movimiento estratégico brinda a la empresa un millón de dólares adicionales en comparación con el préstamo anterior, con condiciones más favorables y una tasa de interés más baja. El refinanciamiento tiene como objetivo liberar capital de trabajo, apoyar la creciente demanda de los clientes y facilitar las estrategias de expansión.
Puntos clave:
- El nuevo préstamo subraya el valor real de los activos de Safe & Green Holdings
- Proporciona mayor flexibilidad para la expansión operativa
- El refinanciamiento no diluye a los accionistas
- La fábrica Waldron en Durant, Oklahoma, opera en una instalación de 58,000 pies cuadrados
Esta maniobra financiera se alinea con la estrategia de la empresa para capitalizar oportunidades y asegurar capital adicional para apoyar sus iniciativas de crecimiento en la industria de soluciones modulares.
Safe & Green Holdings Corp. (NASDAQ: SGBX)는 오클라호마주 듀랜트에 위치한 월드론 시설을 성공적으로 재융자하여 400만 달러의 새로운 대출을 확보했습니다. 이 전략적인 조치는 이전 대출에 비해 추가 100만 달러를 제공하며, 더 유리한 조건과 낮은 이자율을 특징으로 합니다. 재융자의 목적은 운영 자본을 확보하고, 증가하는 고객 수요를 지원하며, 확장 전략을 촉진하는 것입니다.
주요 사항:
- 새로운 대출은 Safe & Green Holdings 자산의 현실적 가치를 강조합니다
- 운영 확장을 위한 더 큰 유연성을 제공합니다
- 재융자는 주주들에게 희석되지 않습니다
- 오클라호마주 듀랜트에 위치한 월드론 공장은 58,000 평방피트의 시설에서 운영됩니다
이 재정적 조치는 모듈 솔루션 산업의 성장 이니셔티브를 지원하기 위해 기회를 활용하고 추가 자본을 확보하려는 회사의 전략과 일치합니다.
Safe & Green Holdings Corp. (NASDAQ: SGBX) a réussi à refinancer son installation Waldron à Durant, Oklahoma, en sécurisant un nouveau prêt de 4 millions de dollars. Ce mouvement stratégique offre à l'entreprise un million de dollars de plus par rapport au prêt précédent, avec des conditions plus favorables et un taux d'intérêt plus bas. Le refinancement vise à libérer du capital de travail, à soutenir la demande croissante des clients et à faciliter les stratégies d'expansion.
Points clés :
- Le nouveau prêt souligne la valeur réelle des actifs de Safe & Green Holdings
- Il offre une plus grande flexibilité pour l'expansion opérationnelle
- Le refinancement est non dilutif pour les actionnaires
- La fabrique Waldron à Durant, Oklahoma, fonctionne sur une superficie de 58 000 pieds carrés
Cette manœuvre financière s'inscrit dans la stratégie de l'entreprise de tirer parti des opportunités et de sécuriser un capital supplémentaire pour soutenir ses initiatives de croissance dans l'industrie des solutions modulaires.
Safe & Green Holdings Corp. (NASDAQ: SGBX) hat erfolgreich seine Waldron-Anlage in Durant, Oklahoma, refinanziert und einen neuen Kredit über 4 Millionen Dollar gesichert. Dieser strategische Schritt bietet dem Unternehmen 1 Million Dollar mehr im Vergleich zum vorherigen Kredit, mit vorteilhafteren Bedingungen und einem niedrigeren Zinssatz. Die Refinanzierung zielt darauf ab, Betriebskapital freizusetzen, die wachsende Kundennachfrage zu unterstützen und Expansionsstrategien zu erleichtern.
Wichtige Punkte:
- Der neue Kredit unterstreicht den realen Wert der Vermögenswerte von Safe & Green Holdings
- Er bietet mehr Flexibilität für die operative Expansion
- Die Refinanzierung ist nicht verwässernd für die Aktionäre
- Die Waldron-Fabrik in Durant, Oklahoma, operiert in einer 58.000 Quadratfuß großen Anlage
Diese finanzielle Maßnahme steht im Einklang mit der Strategie des Unternehmens, Chancen zu nutzen und zusätzliches Kapital zu sichern, um seine Wachstumsinitiativen in der Modullösungsindustrie zu unterstützen.
- Secured a new $4 million loan with more favorable terms and lower interest rate
- Obtained an additional $1 million in working capital compared to the previous loan
- Non-dilutive financing preserves shareholder value
- Improved mortgage terms with increased loan value and reduced interest rate
- None.
Insights
The refinancing of Safe & Green Holdings' Waldron facility in Durant, OK is a positive development for the company. The new
- Increased loan value: Over
$1 million additional capital compared to the previous loan - Lower interest rate: Reduces borrowing costs
- Improved terms: Enhances financial flexibility
- Non-dilutive funding: Preserves shareholder value
This refinancing demonstrates the company's ability to leverage its assets effectively and secure favorable financing terms. The additional working capital will support SGBX's growth initiatives and help meet increasing customer demand. For a small-cap company with a market cap of about
However, investors should note that while this refinancing is positive, it also increases the company's debt load. The overall impact on SGBX's financial health will depend on how effectively management deploys this capital to generate returns that exceed the cost of borrowing.
Refinance of property with new
MIAMI, FL, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, is pleased to announce it has successfully closed on a new loan involving its Waldron facility located in Durant, Oklahoma via refinancing. This strategic move will free up working capital and support Safe & Green Holdings' growing customer demand and facilitating its aggressive expansion strategies.
The Company was able to secure over an additional
“We are always prepared to capitalize on strategic opportunities when they are presented,” said Paul Galvin, Chairperson and CEO of Safe & Green Holdings. “Through this asset refinancing, we were able to bring in much needed capital that is non-dilutive to our shareholders.”
Tricia Kaelin, Chief Financial Officer at Safe & Green Holdings, added, "The mortgage we have secured is improved from the property’s prior loan, with an increased loan value at a significantly reduced interest rate. Monetizing the Company’s equity in this property provides additional working capital that is non-dilutive."
The Company’s Waldron factory operates in Durant, Oklahoma and provides a full array of modular and prefabricated construction on its 58,000 square foot undercover.
About Safe & Green Holdings Corp.
Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third-party and in-house developers, architects, builders, and owners in achieving faster execution, greener construction, and buildings of higher value. The Company’s subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of SG Holdings’ factories and operated by the SG Echo subsidiary.
For more information, visit https://www.safeandgreenholdings.com/ and follow us at @SGHcorp on Twitter.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the Company’s closing on a new loan involving its Waldron facility located in Durant, Oklahoma via refinancing. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, but are not limited to, the factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investor Relations:
Crescendo Communications, LLC
212-671-1020
SGBX@crescendo-ir.com
FAQ
What is the value of the new loan Safe & Green Holdings (SGBX) secured for its Waldron facility?
How much additional capital did SGBX obtain through the refinancing of its Waldron facility?
What are the benefits of the new loan for Safe & Green Holdings (SGBX)?
Where is the Waldron facility of Safe & Green Holdings (SGBX) located?
