- Franchise Group Inc FRG has completed the sale-leaseback of three W.S. Badcock Corporation distribution centers for about $150 million to affiliates of Oak Street Real Estate Capital.
- Franchise expects to complete the sale-leaseback of the corporate headquarters by Q2 end.
- CEO Brian Kahn said, "We are pleased to close the sale of the Badcock distribution centers and retire the balance of our acquisition term loan with the cash proceeds."
- Franchise held $149.6 million in cash and equivalents as of March 26, 2022.
- Price Action: FRG shares are trading higher by 1.11% at $35.51 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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