CVG completes $16M sale-leaseback of Vonore facility; nets ~$14.6M to pay down debt

Commercial Vehicle Group, Inc.

Sold Vonore, TN manufacturing facility for $16M; net proceeds ~$14.6M after tax and costs.
Leased back property for 20-year term; initial annual rent $1.4M with 3.5% annual increases.
Used net proceeds to prepay portion of existing term loan, reducing leverage.
Reaffirmed full-year 2026 outlook from March 10, 2026 earnings release.
CEO James Ray states transaction improves cash generation and positions for growth.

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

Commercial Vehicle Group, Inc. entered into Purchase and Sale Agreement with Big Acquisitions LLC, an affiliate of 200 National LLC valued at $16,000,000 (effective 2026-03-27).

Action: entry
Agreement: asset purchase
Counterparty: Big Acquisitions LLC, an affiliate of 200 National LLC
Value: $16,000,000
Effective: 2026-03-27

Exact text from the filing

On March 27, 2026, CVG National Seating Company, LLC (“Seller”), a subsidiary of Commercial Vehicle Group, Inc. (collectively with its subsidiaries, the “Company”), entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Big Acquisitions LLC, an affiliate of 200 National LLC (collectively, the “200 National”), pursuant to which the parties agreed to consummate a sale and leaseback transaction (the “Sale and Leaseback Transaction”).

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23 material agreements filed in the last 30 days. Browse all material agreements →

Commercial Vehicle Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-022937

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