CVG completes $16 million sale-leaseback of Tennessee facility
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CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength
April 2, 2026 8:00 AM EDTNEW ALBANY, Ohio, April 02, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the Company or CVG) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that it has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, which generated $16 million in proceeds. The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company's leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of... More
