IBC Advanced Alloys (TSE:IB) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
IBC Advanced Alloys Corp. has successfully completed a sale leaseback transaction with Flatbay Properties LLC, involving their Franklin, Indiana property for US$3,850,000. The deal provides the company with approximately US$485,000 in working capital after repaying a secured term loan. This strategic financial move allows IBC to leverage its assets while retaining operational control of the property until at least April 2029.
For further insights into TSE:IB stock, check out TipRanks’ Stock Analysis page.