NewAge Inc (fka NBEVQ) (NBEVQ)

[treit2002]

You're right.

"In connection with this transaction, we repaid the $2.9 million mortgage on the building, cancelled the related interest rate swap agreement, and we are obligated to pay $25.0 million to the former stockholders of Morinda to eliminate the contingent financing liability incurred under the business combination. After these payments, income taxes, post-closing repair obligations, and transaction costs, the net proceeds from the sale leaseback are expected to be between $9.0 million and $12.0 million."

During the call, they presented this as a possibility. The company is really enhancing its liquidity. $42M cash, + another $15M in today's announced loan + this $10M +/-, and another $10M credit line.

They are willing to take on expense in the form of interest payments and rent in exchange for cash. Another acquisition coming???