---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-005767"
form_type: "8-K"
ticker: null
cik: "0001101396"
company_name: "DELTA APPAREL, INC"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:00:19.221537+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Delta Apparel enters sale-leaseback of Fayetteville campus for $23.5M, expects $22M net proceeds

## Summary
- Sale price $23.5M; expected net proceeds ~$22M after taxes and transaction costs.
- Long-term triple-net leaseback with initial term of 10.5 years at $4.25/sqft with 1.5% annual increases.
- Proceeds to repay asset-based revolving credit facility borrowings and generate additional liquidity.
- Closing targeted around May 1, 2024, subject to buyer's inspection, due diligence, and other conditions.
- Campus contains ~550k sq ft on ~35 acres used for manufacturing, decoration, distribution, and other activities.

## SEC filing metadata
- accession: 0001437749-24-005767
- form_type: 8-K
- cik: 0001101396
- company_name: DELTA APPAREL, INC
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1101396/000143774924005767/0001437749-24-005767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1101396/000143774924005767/dla20240227_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-005767
- JSON: https://secwatch.observer/filing/0001437749-24-005767.json
- Plain text: https://secwatch.observer/filing/0001437749-24-005767.txt

## Key facts
- Material Agreements
  DELTA APPAREL, INC entered into a asset purchase valued at $23.5 million (effective 2024-02-26).
  - Action: entry
  - Agreement: asset purchase
  - Value: $23.5 million
  - Effective: 2024-02-26
  source text: On February 26, 2024, Delta Apparel, Inc. (the “Company”) entered into an agreement providing for the sale and long-term leaseback of its approximately 35-acre campus in Fayetteville, North Carolina containing approximately 550,000 square feet of industrial space utilized across the Company’s various business units for manufacturing, decoration, distribution and other activities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1101396/000143774924005767/0001437749-24-005767-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.