NexLiving Communities Inc (TSE:NXLV) has released an update.
NexLiving Communities Inc. has successfully executed a series of financial maneuvers, including the sale of a property and several mortgage refinancings, to achieve significant interest savings and reduce net debt by $2.4 million. The transactions include refinancing mortgages at favorable rates, resulting in improved financial positioning for the company. These strategic moves underscore NexLiving’s commitment to optimizing its portfolio and enhancing shareholder value.
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