Apogee enterprises announces completion of sale-leaseback

Minneapolis--(business wire)---- $apog--apogee enterprises, inc. (nasdaq: apog) announced that it has completed a sale and leaseback transaction for its facility located in mccook, illinois, at a sales price of $25 million. the company expects to record a pre-tax gain on the sale of approximately $19 million. concurrent with the sale, apogee entered into a lease agreement for the mccook facility, with an initial five-year term and multiple renewal options. the facility, which is a part of the company’s l
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