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home / news releases / VNTR - Venator Materials announces $51.3M sale-leaseback deal for Los Angeles facility

VNTR - Venator Materials announces $51.3M sale-leaseback deal for Los Angeles facility

Venator Materials PLC
  • Venator Materials ( NYSE: VNTR ) said Monday its U.S. affiliate closed a sale-leaseback deal for its Color Pigments manufacturing facility in Los Angeles with New Mountain Net Lease for $51.3M.
  • VNTR entered into an agreement to lease the property from New Mountain for 15 years, with an option to extend the lease for two additional terms of ~10 years each.
  • The annual lease cost will be $3.4M in the first year, with an initial corresponding cap rate of 6.7%.
  • VNTR last week warned of weak TiO2 sales in Europe and Asia in Q3 .

For further details see:

Venator Materials announces $51.3M sale-leaseback deal for Los Angeles facility
Stock Information
Company Name: Venator Materials PLC
Stock Symbol: VNTR
Market: NYSE
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