RenX completes debt restructuring, transfers Texas property for $5M

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Go back to RenX completes debt restructuring, transfers Texas property for $5M

RenX Enterprises Completes Debt Restructuring, Transfers Lago Vista Property to Lender for Conditional $5.0 Million Valuation Strengthening Balance Sheet and Advancing Strategic Focus on Resource Grou

January 6, 2026 9:01 AM EST

MIAMI, FL , Jan. 06, 2026 (GLOBE NEWSWIRE) -- RenX Enterprises, Inc. (RenX or the Company) (NASDAQ: RENX), formerly known as Safe and Green Development Corporation, today announced the restructuring of the Companys approximately $7.0 million outstanding secured note on its Lago Vista, Texas property. Under the restructuring, in exchange for the transfer of title to the Lago Vista, Texas property to the Companys lender, the lender agreed to conditionally extinguish $5.0 million of the secured note subject to the provisions of the agreement which provide, among other things, for the sale of the Lago Vista property by the... More