Apogee Enterprises Announces Completion of Sale-Leaseback
MINNEAPOLIS--(BUSINESS WIRE)---- $APOG--Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has completed a sale and leaseback transaction for its facility located in McCook, Illinois, at a sales price of $25 million. The company expects to record a pre-tax gain on the sale of approximately $19 million. Concurrent with the sale, Apogee entered into a lease agreement for the McCook facility, with an initial five-year term and multiple renewal options. The facility, which is a part of the company’s L
Apogee Enterprises Announces Completion of Sale-Leaseback
MINNEAPOLIS--(BUSINESS WIRE)---- $APOG--Apogee Enterprises, Inc. (Nasdaq: APOG) announced that it has completed a sale and leaseback transaction for its facility located in McCook, Illinois, at a sales price of $25 million. The company expects to record a pre-tax gain on the sale of approximately $19 million. Concurrent with the sale, Apogee entered into a lease agreement for the McCook facility, with an initial five-year term and multiple renewal options. The facility, which is a part of the company’s L