Safe and Green Holdings Announces Preliminary Term Sheet for Refinancing Waldron Facility

MIAMI, FL, August 12, 2024 (GLOBE NEWSWIRE) — Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer and manufacturer of modular structures, today announced that it has received a term sheet from a leading lender to refinance its Waldron facility. This potential refinancing transaction is expected to be on very favorable terms and is being pursued in lieu of the previously planned sale-leaseback transaction.

The favorable terms being offered are intended to enable Safe & Green to retire more expensive existing debt and are expected to result in more than $1 million in additional working capital for the company. This strategic move underscores the company’s commitment to strengthening its financial position while maintaining ownership of its flagship facility.