Safe & Green Holdings Announces It Has Successfully Closed On A New Loan Involving Its Waldron Facility Located In Durant, Oklahoma Via Refinancing; Was Able To Secure Over An Additional $1M From The Prior Loan On The Property, With More Favorable Terms And A Lower Interest Rate
Portfolio Pulse from Benzinga Newsdesk
Safe & Green Holdings Corp. (NASDAQ:SGBX) has successfully refinanced its Waldron facility in Durant, Oklahoma, securing over an additional $1 million with more favorable terms and a lower interest rate. This move will free up working capital, support customer demand, and facilitate expansion strategies.
September 24, 2024 | 12:44 pm
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Safe & Green Holdings has refinanced its Waldron facility, securing over $1 million more than the previous loan with better terms and a lower interest rate. This move enhances the company's financial flexibility, supporting its expansion and customer demand.
The refinancing provides Safe & Green Holdings with additional capital and better loan terms, which will likely improve its financial position and support its growth strategies. This is positive news for investors as it indicates the company's ability to manage its finances effectively and pursue expansion.
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