other material
confidence high
sentiment neutral
materiality 0.60
One Liberty sells 3 properties for $8.7M, refinances $13M debt, targets credit facility paydown
ONE LIBERTY PROPERTIES INC
- Completed sales of 3 properties (CO land, IN restaurant, VA restaurant) for $8.7M total; net proceeds ~$7M used to pay down credit facility.
- Contracts to sell 5 properties (3 Applebees, Barnes & Noble, Havertys) for $23M; net proceeds estimated $19-21M.
- Refinanced two industrial properties; new debt $13M at 6.02% avg rate (old 4.02%), 8.4-year term.
- Credit facility outstanding $7.5M at Nov 30; expect full paydown from contracted sales; excess proceeds for working capital, debt paydown, or stock buybacks.