Safe & Green Holdings Announces It Has Successfully Closed On A New Loan Involving Its Waldron Facility Located In Durant, Oklahoma Via Refinancing; Was Able To Secure Over An Additional $1M From The Prior Loan On The Property, With More Favorable Terms And A Lower Interest Rate
Safe & Green Holdings Corp. (NASDAQ:SGBX) ("Safe & Green Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures, is pleased to announce it has successfully closed on a new loan involving its Waldron facility located in Durant, Oklahoma via refinancing. This strategic move will free up working capital and support Safe & Green Holdings' growing customer demand and facilitating its aggressive expansion strategies.
The Company was able to secure over an additional $1 million from the prior loan on the property, with more favorable terms and a lower interest rate. This arrangement not only underscores the real-world value of Safe & Green Holdings' assets, but also provides the Company with greater flexibility to expand its operations.