Dixie Group enters sale-leaseback of Adairsville distribution facility; Q3 close expected

DIXIE GROUP INC

Agreement for sale-leaseback of Adairsville, GA facility; closing expected Q3 2023, subject to purchaser inspection and approval.
Proceeds to significantly reduce debt and increase availability under existing credit lines.
Company expects to recognize a significant gain on net income upon closing.
Other terms of the agreement not disclosed.

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