CVD Equipment sells Central Islip facility for $28.5M, leases back for 10 years

CVD EQUIPMENT CORP

Sale price $28.5M; net cash proceeds estimated >$20M after taxes/fees to strengthen balance sheet and fund growth.
Leaseback: initial 10-year term, two 5-year renewal options at company's option; first-year rent $1.548M, annual 3% increase.
Transaction subject to 30-business-day due diligence period during which purchaser may cancel; no financing contingency.
Lease is triple net; company remains responsible for all operating costs, taxes, insurance, and maintenance.

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