Ducommun incorporated announces the completion of strategic sale-leaseback transaction with centerpoint properties

Santa ana, calif., dec. 20, 2021 (globe newswire) -- ducommun incorporated (nyse: dco), a global supplier of innovative electronic and structural solutions for the aerospace and defense industry, completed a sale-leaseback transaction with an affiliate of centerpoint properties on december 16, 2021. the transaction involved the company's wholly-owned subsidiary, ducommun aerostructures, inc., and its industrial property located on gardena blvd., in carson, california (the “property”). under the terms of the purchase and sale agreement, the property was sold for an aggregate cash purchase price of approximately $143 million and generated approximately $110 million in net after-tax cash proceeds.
DCO Ratings Summary
DCO Quant Ranking