IBC Advanced Alloys (TSE:IB) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
IBC Advanced Alloys Corp. has secured a sale leaseback deal with Flatbay Properties LLC, providing $3.85 million in funding after repaying a secured term loan, with around $485,000 allocated for working capital. The subsidiary has the option to re-purchase the property within five years, with the price and monthly lease payments varying based on timing and debt service coverage. The agreement includes a 2.5% commission to Baycross Capital Group and is in line with standard U.S. manufacturing sector terms.
For further insights into TSE:IB stock, check out TipRanks’ Stock Analysis page.