- Sale-Leaseback Transaction of its German facility is complete, and generated approximately €26.5 million in gross proceeds
- With the proceeds, voxeljet AG repaid its outstanding financial liabilities
- Maintains commitment to its Munich-area operations by signing a 15-year lease term, with two consecutive five-year extension options
voxeljet AG (NASDAQ:VJET) (the “Company”, “voxeljet”, or “we”), a provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers, today announced that it has completed the sale-leaseback transaction previously disclosed on August 11, 2022, which generated approximately €26.5 million in gross proceeds. The Company used the proceeds from this transaction to repay its financial liabilities.
The sale-leaseback transaction involving the Company’s headquarters in Friedberg, Germany, was entered into with an institutional, unaffiliated real estate investor. The leaseback of the facility provides for a fifteen-year lease commitment with two consecutive five-year extension option periods.
The Friedberg facility serves as voxeljet’s headquarters as well as its center of excellence for research, development and production of the Company’s 3D printing systems.
