2023-06-26 13:39:09 ET
- Orion Group ( NYSE: ORN ) has undertaken two real estate sale-leaseback transactions for a total value of $20.3 million, the company said Monday.
- The company said it entered into a sale-leaseback agreement for its Baytown Pipe Yard property in Baytown, Texas, for a purchase price of $8.3 million and expects to close the transaction no later than Q4 2023.
- The company also closed the sale-leaseback transaction for its Port Lavaca South Yard property, located in Port Lavaca, Texas, for $12 million.
- Proceeds from both transactions will be used to reduce debt and for general corporate purposes.
- Press Release .
For further details see:
Orion Group pursues sale-leaseback for two Texas properties