Dorel Announces Financing Transaction
GlobeNewswire·2025-02-21 20:01
• Monetization of Company-owned factory in Columbus, Indiana MONTREAL, Feb. 21, 2025 (GLOBE NEWSWIRE) -- Dorel Industries Inc. (TSX: DII.B, DII.A) announced today that it has entered into a sale-leaseback transaction for its factory and warehousing facility in Columbus, Indiana. The gross proceeds to Dorel from the sale will be US$30 million, of which approximately US$8 million will be allocated to reduce existing debt, with the balance designated for funding the Company’s ongoing operations. The lease has ...