The Recycler
  • G&G Feb 24 Masthead Banner
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW

Ninestar to sell and lease back Lexmark properties

March 18, 2024

Ninestar Co., Ltd. announced a significant sale and leaseback transaction involving its overseas holding subsidiary, Lexmark International Inc.

Lexmark International Inc. has entered into two major transactions as part of this strategy. The first transaction involves the sale and subsequent leaseback of selected properties located at its headquarters park in Lexington, Kentucky, USA.

This deal, valued at $126.948 million (€116,499 million), sees Lexmark leasing back the properties, with an annual rent increase of 3% upon lease renewal. This arrangement secures Lexmark a steady operational base while freeing up significant capital.

The second transaction, still in the negotiation phase, targets properties in Cebu Business Park, Philippines. Expected not to exceed $80 million (€73 million). The specifics of the leaseback amount remain to be determined.

The counterparty for the Kentucky transaction is Lexington Campus SLB LLC, backed by Sculptor Capital Management, a substantial asset investment firm.

Categories : City News

Tags : Capital Cash Generation Lease Back Lexmark Ninestar Sale

  • Apex Web Banner April 2024
  • Biuromax March 2024 Banner
  • GM Technology Web Ad March 2024
  • Mito Web advert July 2023
  • Cartridge Web April 2024 Web Banner
  • IR Italiana Web ad January 2021
  • Static Control June 2022 Big & Bold Ad
  • Ink Tank April 2024 Web Ads
  • G&G Big & Bold Web banner January 2024
  • TN Core April 2024 Web Banner
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • PCL April 2024 Web Banner
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • Altkin Web ad March 2024
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • PCL April 2024 Web Banner
  • Altkin Web ad March 2024
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Altkin Web ad March 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • PCL April 2024 Web Banner
  • ITP Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021