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IBC Advanced Alloys Announces Entering Into Sale Leaseback Agreements

IBC Advanced Alloys Announces Entering Into Sale Leaseback Agreements

IBC Advanced Alloys 宣佈簽訂銷售回租協議
Accesswire ·  04/30 19:00

FRANKLIN, IN / ACCESSWIRE / April 30, 2024 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) is pleased to announce that certain of the Company's U.S. subsidiaries (the "Subsidiaries") have entered into a purchase contract (the "Purchase Contract") and industrial lease (the "Lease") with Flatbay Properties LLC ("Flatbay"). Upon completion of customary closing conditions, including approval of the TSX Venture Exchange, the Purchase Contract will result in US$3,850,000 in funding for the Company (the "Proceeds"). Following the repayment of the Company's secured term loan with Sallyport Commercial Finance, LLC ("Sallyport"), the Company expects to have approximately US$485,000 of the proceeds for working capital.

印第安納州富蘭克林/ACCESSWIRE/2024年4月30日/IBC Advanced Alloys Corp.(“IBC” 或 “公司”)(TCQB: IAALF)欣然宣佈,該公司的某些美國子公司(“子公司”)已與Flatbay Properties LLC(“Flatbay”)簽訂了購買合同(“購買合同”)和工業租賃(“租約”)。在完成包括多倫多證券交易所風險交易所批准在內的慣例成交條件後,購買合同將爲公司帶來385萬美元的融資(“收益”)。在償還了公司向Sallyport Commercial Finance, LLC(“Sallyport”)提供的有擔保定期貸款後,該公司預計將有約48.5萬美元的收益用於營運資金。

Pursuant to the Purchase Contract, Flatbay has agreed to purchase the property located at 401 Arvin Road, Franklin, Indiana 46131 (the "Property") from a Subsidiary. Pursuant to the Lease, Flatbay will lease the Property to the Subsidiary for five years (the "Term"), during which the Subsidiary may re-purchase the Property from Flatbay. The re-purchase price will vary depending on the time of re-purchase, ranging from US$4,100,250 during the first year of the Term to US$3,850,000 at the end of the Term. Lease payments during the Term will range from US$45,850 to US$50,370 per month depending on the debt service coverage ratio of a Subsidiary. The Purchase Contract and Lease are subject to customary terms for similar agreements in the United States manufacturing sector.

根據購買合同,Flatbay已同意從子公司購買位於印第安納州富蘭克林市阿文路401號46131的房產(“房產”)。根據租約,Flatbay將向子公司租賃該物業五年(“期限”),在此期間,子公司可以從Flatbay回購該物業。回購價格將根據回購時間而有所不同,從期限第一年的4,100,250美元到期末的3,850,000美元不等。期限內的租賃付款將從每月45,850美元到50,370美元不等,具體取決於子公司的還本付息率。購買合同和租賃受美國製造業類似協議的習慣條款的約束。

The Company has agreed to pay a cash commission equal to 2.5% of the Proceeds to Baycross Capital Group ("Baycross"), an arm's length party to the Company. The Company has previously paid total commissions of US$124,518 to Baycross in connection with the Company's US$3,000,000 term loan with Sallyport and US$1,780,000 term loan with Loeb Term Solutions (together, the "Loans"). The terms of the Loans are described in the Company's press releases dated August 28, 2023 and October 26, 2023, respectively.

該公司已同意向公司的獨立交易方Baycross Capital Group(“Baycross”)支付相當於收益2.5%的現金佣金。該公司此前已向Baycross支付了總額爲124,518美元的佣金,涉及該公司向Sallyport提供的300萬美元定期貸款和向Loeb Term Solutions提供的178萬美元定期貸款(合稱 “貸款”)。該公司分別於2023年8月28日和2023年10月26日發佈的新聞稿中描述了貸款條款。

For more information on IBC and its innovative alloy products, go here.

有關IBC及其創新合金產品的更多信息,請訪問此處。

On Behalf of the Board of Directors:

代表董事會:

"Mark Smith"
Mark A. Smith, Chairman

“馬克·史密斯”
董事長馬克·史密斯

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Contact:

聯繫人:

Mark Smith, Chairman and CEO
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jim.sims@ibcadvancedalloys.com

董事長兼首席執行官馬克·史密斯
Jim Sims,投資者和公共關係總監
+1 (303) 503-6203
電子郵件:jim.sims@ibcadvancedalloys.com

About IBC Advanced Alloys Corp.

關於 IBC 先進合金公司

IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. At its vertically integrated production facility in Franklin, Indiana, IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".

IBC是一家領先的先進銅合金製造商,服務於國防、航空航天、汽車、電信、精密製造等各種行業。在其位於印第安納州富蘭克林的垂直整合生產設施中,IBC生產和分銷各種銅合金作爲鑄件和鍛件,包括鈹銅、鉻銅和鋁青銅。該公司的普通股在多倫多證券交易所風險投資交易所上市,股票代碼爲 “IAALF”,在OTCQB上市,股票代碼爲 “IAALF”。

Cautionary Statements

警示聲明

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the completion of customary closing conditions, including approval of the TSX Venture Exchange, the payment of a cash commission to Baycross, and the use of proceeds of the Purchase Contract. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the risk that the Company may not be able to make sufficient payments to retire its debt, the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.

根據適用證券法的定義,本新聞稿中包含的某些信息可能是前瞻性信息或前瞻性陳述。前瞻性信息和前瞻性陳述通常使用 “期望”、“預測”、“相信”、“預見”、“可以”、“估計”、“目標”、“打算”、“計劃”、“尋求”、“將”、“可能” 和 “應該” 等詞語以及暗示未來結果的類似表述或詞語來識別,但並非總是如此。本新聞稿包括與完成慣例成交條件有關的前瞻性信息和陳述,包括多倫多證券交易所風險交易所的批准、向Baycross支付現金佣金以及購買合同收益的使用等。前瞻性陳述涉及大量已知和未知的風險和不確定性,其中某些風險和不確定性是公司無法控制的,包括:公司可能無法支付足夠款項以償還債務的風險、公司或其客戶運營領域總體經濟狀況的影響,包括半導體制造和石油和天然氣行業,與製造活動相關的風險,包括通過新的環境法律法規和變更在內的法律法規的變化在解釋和執行方面、競爭加劇、缺乏合格人員或管理人員、原材料供應有限、商品價格、外匯或利率波動、股市波動以及獲得監管機構的必要批准。由於這些風險和不確定性,公司未來的業績、業績或成就可能與這些前瞻性陳述中表達的業績、業績或成就存在重大差異。本新聞稿中包含的所有涉及公司預期、認爲或預期未來將發生或可能發生的活動、事件或發展的聲明均爲前瞻性陳述。這些陳述基於公司根據其經驗、對歷史趨勢的看法、當前狀況、預期的未來發展以及其認爲適合具體情況的其他因素做出的假設。

Please see "Risk Factors" in our Annual Information Form available under the Company's profile at , for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

有關與我們的業務相關的風險和不確定性的信息,請參閱我們的年度信息表中的 “風險因素”,該表位於公司簡介下方。讀者不應過分依賴前瞻性信息和陳述,這些信息和陳述僅代表截至發佈之日。本新聞稿中包含的前瞻性信息和陳述代表了我們截至本新聞稿發佈之日的預期。除非適用的證券法要求,否則我們不打算或義務或承諾更新或修改任何前瞻性信息或陳述,無論是由於新信息、未來事件還是其他原因。

SOURCE: IBC Advanced Alloys Corp.

資料來源:IBC 高級合金公司


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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