Orion Group announced two real estate sale-leaseback transactions for a total value of $20.3M. The Company entered into a sale-leaseback agreement for its Baytown Pipe Yard property in Baytown, Texas. The purchase price is $8.3M, and the transaction is expected to close no later than the fourth quarter of 2023. In addition, the Company announced it closed on the sale-leaseback transaction for its Port Lavaca South Yard property located in Port Lavaca, Texas for a purchase price of $12M. Proceeds from both transactions will be used to reduce debt and for general corporate purposes.
Published first on TheFly
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