Lion electric completes sale-leaseback transaction for mirabel battery manufacturing building

Montreal , feb. 2, 2023 /prnewswire/ - the lion electric company (nyse: lev) (tsx: lev) ("lion" or the "company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has completed a sale-leaseback transaction with btb real estate investment trust (tsx: btb.un) for its battery manufacturing building located in mirabel, quebec for a total purchase price of c$28 million. the proceeds from the transaction will be used by the company to repay amounts outstanding under its revolving credit facility and to fund transaction expenses.
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