The Dixie Group Announces Letter of Intent to Sell and Lease Santa Ana Facility
The Dixie Group, Inc. (DXYN)
Last the dixie group, inc. earnings: 8/2 05:00 am
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US:NASDAQ Investor Relations:
thedixiegroup.com/investor/investor.html
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Source: GlobeNewswire
DALTON, Ga., Aug. 09, 2019 (GLOBE NEWSWIRE) -- The Dixie Group, Inc. (NASDAQ: DXYN) today announces it has entered into a letter of intent to sell to CenterPoint Properties Trust the Company’s Santa Ana, California facility. The transaction is subject to entering into a definitive purchase and lease agreement. The property consists of 10 acres with one building totaling approximately 200,000 square feet. The transaction is anticipated to close in early October 2019. The purchase price is in excess of $40 million dollars and is anticipated to generate an after tax gain on sale in excess of $20 million. Simultaneously, under the agreement, the Company shall sign a lease for 10 years with two 5-year renewal options. Commenting on the anticipated transaction, Daniel K. Frierson, Chairman and Chief Executive Officer, said, “We believe this transaction will strengthen our balance sheet by paying down debt, increasing our equity and substantially improving the availability under our lines
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News
- The Dixie Group, Inc. (NASDAQ: DXYN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The Dixie Group, Inc. (NASDAQ: DXYN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The Dixie Group, Inc. (NASDAQ: DXYN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The Dixie Group, Inc. (NASDAQ: DXYN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- The Dixie Group, Inc. (NASDAQ: DXYN) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
DXYN
Sec Filings
- 11/1/24 - Form 8-K
- 11/1/24 - Form 8-K
- 10/28/24 - Form 10-Q
- DXYN's page on the SEC website