voxeljet AG Completes €26.5 Million Sale-Leaseback Transaction for German Facility
01 11월 2022 - 8:05AM
Business Wire
- Sale-Leaseback Transaction of its German facility is complete,
and generated approximately €26.5 million in gross proceeds
- With the proceeds, voxeljet AG repaid 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 that it has completed the sale-leaseback transaction
previously disclosed on August 11, 2022, which generated
approximately €26.5 million in gross proceeds. The Company used the
proceeds from this transaction to repay its financial
liabilities.
The sale-leaseback transaction involving the Company’s
headquarters in Friedberg, Germany, was entered into with an
institutional, unaffiliated real estate investor. The leaseback of
the facility provides for a fifteen-year lease commitment with two
consecutive five-year extension option periods.
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/20221031005022/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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