DallasNews Corp: M&A transaction — DallasNews closes $43.5M sale of Plano print facility; to fully fund pension

DallasNews Corp

Closed sale of North Plant Property in Plano, TX for $43.5M cash on March 11, 2025.
Plans to use proceeds to voluntarily fully fund pension liabilities and buy group annuity contract.
Sale is part of Return to Growth Plan; printing operations moving to leased Carrollton facility.
Buyer Denago EV will use facility as Southern U.S. production base.

item 2.01 item 7.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

DallasNews Corp completed a disposition involving Plano Estates, LLC for $43,500,000 in cash (closed 2025-03-11).

Action: disposition
Counterparty: Plano Estates, LLC
Consideration: $43,500,000 in cash
Closing: 2025-03-11

Exact text from the filing

liability company (as succeeded by Plano Estates, LLC, a Texas limited liability company, the “Purchaser”). The North Plant Property was sold for an aggregate purchase price of $43,500,000 in cash, of which $600,000 (the “Escrow Funds”) was deposited with an escrow agent at closing, as contemplated by the Sale Agreement. If environmental testing of the North Plant

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Source: SEC EDGAR

accession 0001413898-25-000012

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