Safe and Green Holdings Announces Preliminary Term Sheet to Refinance Waldron Facility
Safe & Green Holdings Corp. (SGBX)
NASDAQ:AMEX Investor Relations:
ir.sgblocks.com
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Source: GlobeNewswire
MIAMI, FL, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced that it has received a term sheet from a premier lender to refinance its Waldron facility. This potential refinancing transaction is expected to be on highly favorable terms and is being pursued in lieu of the previously planned sale-leaseback transaction. The favorable terms offered are intended to allow Safe & Green to pay off more expensive existing debt and is expected to result in over $1 million of additional working capital for the Company. This strategic move underscores the Company’s commitment to strengthening its financial position while retaining ownership of its flagship facility. Paul Galvin, Chairperson and CEO of Safe & Green Holdings, commented, “This anticipated refinancing is expected to be on very favorable terms and would enable us to
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News
- Safe & Green Holdings Closes Refinancing of Waldron Facility in Durant, OKGlobeNewswire
- Modular Construction Industry Poised for Continued Global Expansion Through 2024 - Long-term Market Forecasts to 2028 and 2033 [Yahoo! Finance]Yahoo! Finance
- Safe & Green Holdings Reports Second Quarter 2024 Results and Provides a Business UpdateGlobeNewswire
- Correction: Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice President [Yahoo! Finance]Yahoo! Finance
- Correction: Safe & Green Holdings Corp. Announces Promotion of David Cross to Executive Vice PresidentGlobeNewswire
SGBX
Sec Filings
- 9/24/24 - Form 8-K
- 8/30/24 - Form 8-K
- 8/30/24 - Form 8-K
- SGBX's page on the SEC website