Safe & Green Holdings Engages Firm for Sales-Leaseback on Waldron Facility in Durant, OK
Safe & Green Holdings Corp. (NASDAQ: SGBX) has engaged Northmarq Capital to secure a sale-leaseback deal for its Waldron facility in Durant, Oklahoma, appraised at $4.7 million. This strategic move aims to free up working capital to support growing customer demand and facilitate expansion strategies. The sale-leaseback highlights the company's innovative approach to leveraging its asset base for non-dilutive capital.
CEO Paul Galvin emphasized that this transaction will significantly bolster working capital, allowing for more aggressive pursuit of growth opportunities. CFO Tricia Kaelin noted that monetizing equity in this asset will provide working capital without shareholder dilution and enable beneficial debt restructuring on the property.
Safe & Green Holdings Corp. (NASDAQ: SGBX) ha incaricato Northmarq Capital di garantire un accordo di vendita e affitto per il suo stabilimento Waldron a Durant, Oklahoma, valutato 4,7 milioni di dollari. Questa mossa strategica mira a liberare capitale circolante per supportare la crescente domanda dei clienti e facilitare le strategie di espansione. La vendita e affitto evidenzia l'approccio innovativo dell'azienda nel sfruttare la sua base di attivi per ottenere capitali non diluitivi.
Il CEO Paul Galvin ha sottolineato che questa transazione rafforzerà significativamente il capitale circolante, consentendo una ricerca più aggressiva di opportunità di crescita. La CFO Tricia Kaelin ha osservato che monetizzare l'equità in questo attivo fornirà capitale circolante senza diluizione per gli azionisti e permetterà una benefica ristrutturazione del debito sulla proprietà.
Safe & Green Holdings Corp. (NASDAQ: SGBX) ha contratado a Northmarq Capital para asegurar un acuerdo de venta y arrendamiento para su instalación Waldron en Durant, Oklahoma, valorada en 4.7 millones de dólares. Este movimiento estratégico tiene como objetivo liberar capital de trabajo para apoyar la creciente demanda de los clientes y facilitar las estrategias de expansión. La venta y arrendamiento destaca el enfoque innovador de la empresa al aprovechar su base de activos para obtener capital no dilutivo.
El CEO Paul Galvin enfatizó que esta transacción fortalecerá significativamente el capital de trabajo, lo que permitirá una búsqueda más agresiva de oportunidades de crecimiento. La CFO Tricia Kaelin señaló que monetizar el capital en este activo proporcionará capital de trabajo sin dilución para los accionistas y permitirá una reestructuración de deuda beneficiosa sobre la propiedad.
Safe & Green Holdings Corp. (NASDAQ: SGBX)는 노스마르크 캐피탈(Northmarq Capital)을 고용하여 오클라호마주 듀란트에 위치한 월드론(Waldron) 시설의 매각-리스백 거래를 확보했습니다. 이 시설은 470만 달러로 평가되었습니다. 이 전략적 조치는 고객 수요 증가를 지원하고 확장 전략을 촉진하기 위해 운영 자본을 확보하는 것을 목표로 하고 있습니다. 매각-리스백은 회사가 비희석 자본을 위해 자산 기반을 활용하는 혁신적인 접근 방식을 강조합니다.
CEO인 폴 갈빈(Paul Galvin)은 이번 거래가 운영 자본을 크게 강화하여 성장 기회를 보다 공격적으로 추구할 수 있게 할 것이라고 강조했습니다. CFO인 트리시아 케이린(Tricia Kaelin)은 이 자산의 자본을 현금화함으로써 주주 희석 없이 운영 자본을 제공하고, 자산에 대한 유익한 부채 구조 조정을 가능하게 할 것이라고 언급했습니다.
Safe & Green Holdings Corp. (NASDAQ: SGBX) a mandaté Northmarq Capital pour sécuriser un accord de vente-bail pour son installation Waldron à Durant, dans l'Oklahoma, évaluée à 4,7 millions de dollars. Ce mouvement stratégique vise à libérer du capital de travail afin de soutenir la demande croissante des clients et de faciliter les stratégies d'expansion. La vente-bail met en avant l'approche innovante de l'entreprise pour tirer parti de sa base d'actifs afin d'obtenir un capital non dilutif.
Le PDG Paul Galvin a souligné que cette transaction renforcera significativement le capital de travail, permettant une recherche plus agressive d'opportunités de croissance. La CFO Tricia Kaelin a noté que la monétisation des capitaux propres de cet actif fournira du capital de travail sans diluer les actionnaires et permettra une restructuration de la dette bénéfique sur la propriété.
Safe & Green Holdings Corp. (NASDAQ: SGBX) hat Northmarq Capital beauftragt, einen Sale-Leaseback-Deal für seine Waldron-Anlage in Durant, Oklahoma, die auf 4,7 Millionen Dollar geschätzt wurde, zu sichern. Dieser strategische Schritt zielt darauf ab, Betriebskapital freizusetzen, um der steigenden Kundennachfrage gerecht zu werden und Expansionsstrategien zu erleichtern. Der Sale-Leaseback unterstreicht den innovativen Ansatz des Unternehmens, seine Vermögensbasis zur Beschaffung von nicht verwässerndem Kapital zu nutzen.
CEO Paul Galvin betonte, dass diese Transaktion das Betriebskapital erheblich stärken wird, was eine aggressivere Verfolgung von Wachstumschancen ermöglicht. CFO Tricia Kaelin merkte an, dass die Monetarisierung des Eigenkapitals in diesem Vermögenswert Betriebskapital bereitstellen wird, ohne die Aktionäre zu verwässern, und eine vorteilhafte Umstrukturierung der Schulden auf der Immobilie ermöglicht.
- Sale-leaseback of $4.7 million appraised property to free up working capital
- Non-dilutive capital raising strategy
- Potential for debt restructuring on the property
- Increased financial flexibility for expansion and meeting customer demand
- Reduction in owned assets through sale-leaseback arrangement
Insights
Safe & Green Holdings' decision to engage in a sale-leaseback of their Waldron facility is a strategic move to free up capital without diluting shareholder value. This transaction is particularly impactful because it allows the company to convert a non-liquid asset into liquid capital, which they can then use to fuel growth initiatives. With the property appraised at $4.7 million, this infusion of funds can be immediately directed toward operational expansion and meeting growing customer demands. This is a smart use of their asset base and indicates strong financial management. Furthermore, restructuring the debt on the property will likely improve their financial position by reducing interest obligations, thereby increasing net income. Investors should see this as a positive move that could enhance the company's growth prospects and financial stability.
The modular construction industry is experiencing a surge in demand due to its faster build times, cost-effectiveness and eco-friendly nature. Safe & Green Holdings is well-positioned within this growing market and the sale-leaseback deal can help them capitalize on this trend more aggressively. The move underscores their commitment to scaling operations in response to market demand, providing them with the necessary liquidity to potentially increase production capabilities. However, it's important to track how effectively they allocate these funds and manage the increased scale of operations. If executed well, this strategy could significantly enhance their competitive position in the market.
Engaging Northmarq Capital for a sale-leaseback deal is a calculated choice. Northmarq Capital is known for its expertise in commercial real estate transactions, which adds a layer of credibility and reliability to the deal. The sale-leaseback model is often used by companies looking to unlock capital tied up in real estate without losing the use of the property. This move not only provides financial flexibility but also signifies confidence in the long-term value of their operations at the Waldron facility. It is a strong signal to investors that the company is leveraging all available resources to support its growth, which can be a very reassuring factor in real estate-heavy industries.
Sale-leaseback of property appraised at
Miami, FL, July 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 engaged Northmarq Capital to secure a suitable deal and partner for a sale-leaseback involving its Waldron facility located in Durant, Oklahoma. This strategic move for the property appraised at
The sale-leaseback highlights the Company's innovative approach to leveraging its strong asset base to secure non-dilutive capital. This arrangement not only underscores the real-world value of Safe & Green Holdings' assets, but also provides the Company with greater flexibility to expand its operations.
Waldron facility located in Durant, Oklahoma
"This marks a significant milestone for Safe & Green Holdings as we continue to scale our operations to meet the strong demand from our customers," said Paul Galvin, Chairperson and CEO of Safe & Green Holdings. "The profit from this transaction will significantly bolster our working capital, allowing us to pursue growth opportunities more aggressively and effectively. This transaction reflects our commitment to executing strategic initiatives that enhance shareholder value while maintaining operational excellence.”
Tricia Kaelin, Chief Financial Officer at Safe & Green Holdings, stated, "Monetizing our equity in this asset will provide working capital without any dilution to our shareholders. We will also restructure the debt on the property, which will be very beneficial to the Company and its shareholders."
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 engagement of Northmarq Capital to secure a suitable deal and partner for a sale-leaseback involving its Waldron facility located in Durant, Oklahoma. 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 Company’s ability to successfully secure a suitable deal and partner for a sale-leaseback involving its Waldron facility located in Durant, Oklahoma, and 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
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FAQ
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