secwatch / observer
8-K filed April 5, 2023, 7:59 PM ET ticker HVT CIK 0000216085
other material confidence high sentiment neutral materiality 0.50

Havertys agrees to buy back Lakeland distribution facility for $28.2M; 2023 capex guidance raised to ~$56M

HAVERTY FURNITURE COMPANIES INC

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HAVERTY FURNITURE COMPANIES INC entered into Purchase and Sale Agreement with HF Lakeland FL Landlord, LLC valued at $28.2 million (effective 2023-03-31).

Action
entry
Agreement
asset purchase
Counterparty
HF Lakeland FL Landlord, LLC
Value
$28.2 million
Effective
2023-03-31
Exact text from the filing
On March 31, 2023, Haverty Furniture Companies, Inc. (“Havertys” or the “Company”) entered into an agreement to purchase (the “Purchase”) a distribution facility located at 7100 Havertys Way, Lakeland, Florida (the “Facility”), pursuant to that certain Purchase and Sale Agreement (the “Purchase Agreement”), by and between HF Lakeland FL Landlord, LLC (the “Landlord”) and the Company.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HAVERTY FURNITURE COMPANIES INC terminated Lease Agreement dated May 19, 2020 with HF Lakeland FL Landlord, LLC valued at Termination of Lease Agreement upon closing of Purchase (effective 2023-03-31).

Action
termination
Agreement
lease
Counterparty
HF Lakeland FL Landlord, LLC
Value
Termination of Lease Agreement upon closing of Purchase
Effective
2023-03-31
Exact text from the filing
In connection with the closing of the Purchase, the Company and the Landlord will terminate that certain Lease Agreement, dated as of May 19, 2020, by and between the Company and the Landlord
View on SEC.gov

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HAVERTY FURNITURE COMPANIES INC filing history →

Source: SEC EDGAR
accession 0000216085-23-000005
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