voxeljet AG Enters into Sale-Leaseback Transaction for German Facility
12 8월 2022 - 5:05AM
Business Wire
- Sale-Leaseback Transaction of its German facility is expected
to generate approximately €26.5 million in gross proceeds
- With the proceeds, voxeljet AG plans to repay its outstanding
financial liabilities
- Maintains commitment to its Munich-area operations by signing a
15-year lease term, with two consecutive five-year extension
options
voxeljet AG (NASDAQ: VJET) (the “Company”, “voxeljet”, or “we”),
a provider of high-speed, large-format 3D printers and on-demand
parts services to industrial and commercial customers, today
announced it has entered into a sale-leaseback arrangement expected
to generate approximately €26.5 million in gross proceeds. The
Company plans to use the proceeds from this transaction to repay
its financial liabilities. The transaction is expected to close
towards the end of the third quarter 2022.
The sale-leaseback transaction involving the Company’s 135,380
square foot facility in Friedberg, Germany, was entered into with
an institutional, unaffiliated real estate investor, and is subject
to regulatory approvals in the Federal Republic of Germany. The
leaseback of the facility provides for a fifteen-year lease
commitment with two consecutive five-year extension option
periods.
“As we continue on our path towards profitability, this
sale-leaseback transaction aligns with our objective to source
non-dilutive financing,” said Rudolf Franz, COO & CFO of
voxeljet. “We plan to use the proceeds to repay our outstanding
financial liabilities and focus on our main business, which is
developing, manufacturing and selling high-tech, industrial 3D
printers.”
The Friedberg facility serves as voxeljet’s headquarters as well
as its center of excellence for research, development and
production of the Company’s 3D printing systems.
About voxeljet
voxeljet is a leading provider of high-speed, large-format 3D
printers and on-demand parts services to industrial and commercial
customers. The Company’s 3D printers employ a powder binding,
additive manufacturing technology to produce parts using various
material sets, which consist of particulate materials and
proprietary chemical binding agents. The Company provides its 3D
printers and on-demand parts services to industrial and commercial
customers serving the automotive, aerospace, film and
entertainment, art and architecture, engineering and consumer
product end markets. For more information, visit
http://www.voxeljet.de/en/.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements
concerning our business, operations and financial performance. Any
statements that are not of historical facts may be deemed to be
forward-looking statements. You can identify these forward-looking
statements by words such as ‘‘believes,’’ ‘‘estimates,’’
‘‘anticipates,’’ ‘‘expects,’’ ‘‘projects,’’ ‘‘plans,’’ ‘‘intends,’’
‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ or
other similar expressions that convey uncertainty of future events
or outcomes. Forward-looking statements include statements
regarding our intentions, beliefs, assumptions, projections,
outlook, analyses or current expectations concerning, among other
things, the projected timing and successful completion of the
sale-leaseback transaction, our results of operations, financial
condition and business outlook, the industry in which we operate
and the trends that may affect the industry or us. Although we
believe that we have a reasonable basis for each forward-looking
statement contained in this press release, we caution you that
forward-looking statements are not guarantees of future
performance. All of our forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that are
in some cases beyond our control and that may cause our actual
results to differ materially from our expectations, including those
risks identified under the caption “Risk Factors” in the Company’s
Annual Report on Form 20-F and in other reports the Company files
with the U.S. Securities and Exchange Commission. Except as
required by law, the Company undertakes no obligation to publicly
update any forward-looking statements for any reason after the date
of this press release whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220811005327/en/
Investors and Media
Johannes Pesch Director Investor Relations and Business
Development johannes.pesch@voxeljet.de Office: +49 821 7483172
Mobile: +49 176 45398316
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