and on-demand components companies to industrial and industrial prospects, has entered right into a sale-leaseback association anticipated to generate roughly €26.5 million in gross proceeds. The corporate plans to make use of the proceeds from this transaction to repay its monetary liabilities. The transaction is predicted to shut in direction of the tip of the third quarter of 2022.
The sale-leaseback transaction involving the corporate’s 135,380 sq. foot facility in Friedberg, Germany, was entered into with an institutional, unaffiliated actual property investor, and is topic to regulatory approvals within the Federal Republic of Germany. The leaseback of the ability supplies for a fifteen-year lease dedication with two consecutive five-year extension choice intervals.
“, this sale-leaseback transaction aligns with our goal to supply non-dilutive financing,” stated Rudolf Franz, COO and CFO of voxeljet. “We plan to make use of the proceeds to repay our excellent monetary liabilities and deal with our important enterprise, which is creating, manufacturing, and promoting high-tech, industrial 3D printers.”
The Friedberg facility serves as voxeljet’s headquarters in addition to its middle of excellence for analysis, growth, and manufacturing of the corporate’s 3D printing programs.