Perma-pipe international holdings, inc. announces sale and leaseback transaction generating $8.7 million in net proceeds

Niles, ill.--(business wire)--perma-pipe international holdings, inc. (nasdaq: ppih) announced today that it has completed a sale and leaseback transaction with nash88, llc, generating $8.7 million in net proceeds. the property sold consisted of land and buildings in lebanon, tennessee related to the coating and fabrication of district heating and cooling piping systems. perma-pipe will continue to occupy the facility under an initial fifteen-year lease term, with an option to renew up to an ad
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