voxeljet AG Enters into Sale-Leaseback Transaction for German Facility
voxeljet AG (NASDAQ: VJET) has announced a sale-leaseback transaction of its German facility, expected to generate approximately €26.5 million in gross proceeds. The proceeds will be utilized to repay outstanding financial liabilities. The 15-year lease agreement, with options for two additional five-year extensions, demonstrates voxeljet's commitment to its Munich-area operations. The transaction is anticipated to close by the end of Q3 2022, further supporting the company's aim towards achieving profitability.
- Expected €26.5 million in gross proceeds from sale-leaseback transaction.
- Proceeds to be used for repaying financial liabilities, improving balance sheet.
- 15-year lease commitment demonstrates stability and long-term operational focus.
- None.
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Sale-Leaseback Transaction of its German facility is expected to generate approximately
€26.5 million in gross proceeds -
With the proceeds,
voxeljet AG plans to repay its outstanding financial liabilities -
Maintains commitment to its
Munich -area operations by signing a 15-year lease term, with two consecutive five-year extension options
FRIEDBERG,
The sale-leaseback transaction involving the Company’s 135,380 square foot facility in Friedberg,
“As we continue on our path towards profitability, this sale-leaseback transaction aligns with our objective to source non-dilutive financing,” said
The Friedberg facility serves as voxeljet’s headquarters as well as its center of excellence for research, development and production of the Company’s 3D printing systems.
About voxeljet
voxeljet is a leading provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers. The Company’s 3D printers employ a powder binding, additive manufacturing technology to produce parts using various material sets, which consist of particulate materials and proprietary chemical binding agents. The Company provides its 3D printers and on-demand parts services to industrial and commercial customers serving the automotive, aerospace, film and entertainment, art and architecture, engineering and consumer product end markets. For more information, visit http://www.voxeljet.de/en/.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed to be forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘projects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, the projected timing and successful completion of the sale-leaseback transaction, our results of operations, financial condition and business outlook, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F and in other reports the Company files with the
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Investors and Media
Director Investor Relations and Business Development
johannes.pesch@voxeljet.de
Office: +49 821 7483172
Mobile: +49 176 45398316
Source:
FAQ
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