{"id":948649,"date":"2026-04-02T09:32:02","date_gmt":"2026-04-02T13:32:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\/"},"modified":"2026-04-02T09:32:02","modified_gmt":"2026-04-02T13:32:02","slug":"cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\/","title":{"rendered":"CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW ALBANY, Ohio, April  02, 2026  (GLOBE NEWSWIRE) &#8212; Commercial Vehicle Group (the \u201cCompany or \u201cCVG\u201d) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that it has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, which generated $16 million in proceeds. The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company&#8217;s leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of approximately $1.4 million for the first year.<\/p>\n<p align=\"justify\">\u201cThis transaction builds on our recent momentum, providing additional cash flow to deleverage,\u201d said James Ray, President and Chief Executive Officer of CVG. \u201cWe continue to deliver on our previously stated objectives, with CVG\u2019s near-term focus being on cash generation and lowering our debt levels. Following this transaction, we believe we are even better positioned to drive future growth and shareholder value at CVG.\u201d<\/p>\n<p align=\"justify\">CVG anticipates no disruption to operational activities at the Vonore plant.<\/p>\n<p align=\"justify\">In conjunction with this announcement, CVG has reaffirmed its previously issued full-year 2026 outlook provided in its fourth-quarter 2025 earnings materials, released on March 10, 2026.<\/p>\n<p align=\"justify\">\n        <strong>Company Contact<\/strong><br \/>\n        <br \/>Michelle Hards<br \/>Vice President, Investor Relations and Corporate Financial Planning and Analysis<br \/>Michelle.Hards@cvgrp.com<\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contact<\/strong><br \/>\n        <br \/>Ross Collins or Nathan Skown<br \/>Alpha IR Group<br \/>CVGI@alpha-ir.com<\/p>\n<p align=\"justify\">\n        <strong>About CVG<\/strong>\n      <\/p>\n<p align=\"justify\">CVG is a global provider of systems, assemblies and components to the global commercial vehicle market and the electric vehicle market. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries and communities we serve. Information about the Company and its products is available on the internet at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=saqyigaf-QV6EgcBR9xadLPhCW0l_k9vr5945LbTdpzuEsxDG1IDbkBJo0OAEazfN25eBplOWT-ny34ezlLcjQ==\" rel=\"nofollow\" target=\"_blank\">www.cvgrp.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. For this purpose, any statements contained herein that are not statements of historical fact, including without limitation, certain statements herein regarding industry outlook, the Company\u2019s expectations for future periods with respect to its plans to improve financial results, the future of the Company\u2019s end markets changes in the Class 8 and Class 5-7 North America truck build rates, performance of the global construction and agricultural equipment business, the Company\u2019s prospects in the wire harness and electric vehicle markets, the Company\u2019s initiatives to address customer needs, organic growth, the Company\u2019s strategic plans and plans to focus on certain segments, competition faced by the Company, volatility in and disruption to the global economic environment, including global supply chain constraints, inflation and labor shortages, tariffs and counter-measures, financial covenant compliance, anticipated effects of acquisitions or divestitures, production of new products, plans for capital expenditures and our results of operations or financial position and liquidity, may be deemed to be forward-looking statements. Without limiting the foregoing, the words \u201cbelieve\u201d, \u201canticipate\u201d, \u201cplan\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cproject\u201d, \u201ccontinue\u201d, \u201clikely\u201d, and similar expressions, as they relate to us, are intended to identify forward-looking statements. The important factors discussed in \u201cItem 1A &#8211; Risk Factors\u201d in the Company\u2019s Annual Report on Form 10-K, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Such forward-looking statements represent management\u2019s current expectations and are inherently uncertain. Investors are warned that actual results may differ from management\u2019s expectations. Additionally, various economic and competitive factors could cause actual results to differ materially from those discussed in such forward-looking statements, including, but not limited to, factors which are outside our control.<\/p>\n<p align=\"justify\">Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should only be viewed as historical data.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4MzAxMSM3NTE2NDQzIzIwMDc4OTQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZTc0ZDRkNDYtYzZiNC00Nzg4LTlmZGEtMGIwNjNhMWFjOGE4LTEwMTk0NjctMjAyNi0wNC0wMi1lbg==\/tiny\/Commercial-Vehicle-Group-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW ALBANY, Ohio, April 02, 2026 (GLOBE NEWSWIRE) &#8212; Commercial Vehicle Group (the \u201cCompany or \u201cCVG\u201d) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that it has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, which generated $16 million in proceeds. The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company&#8217;s leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of approximately $1.4 million for the first year. \u201cThis transaction builds on our recent momentum, providing additional cash flow to deleverage,\u201d said James Ray, President &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-948649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW ALBANY, Ohio, April 02, 2026 (GLOBE NEWSWIRE) &#8212; Commercial Vehicle Group (the \u201cCompany or \u201cCVG\u201d) (NASDAQ: CVGI), a diversified industrial products and services company, today announced that it has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, which generated $16 million in proceeds. The Company used the net proceeds from the transaction to prepay a portion of its existing term loan facility, thereby reducing the Company&#8217;s leverage profile. Under the terms of the agreement, CVG will lease back the Vonore property for a 20-year term, with an initial annual base rent of approximately $1.4 million for the first year. \u201cThis transaction builds on our recent momentum, providing additional cash flow to deleverage,\u201d said James Ray, President &hellip; Continue reading &quot;CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-02T13:32:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY4MzAxMSM3NTE2NDQzIzIwMDc4OTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength\",\"datePublished\":\"2026-04-02T13:32:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/\"},\"wordCount\":706,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY4MzAxMSM3NTE2NDQzIzIwMDc4OTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cvg-announces-sale-leaseback-transaction-to-improve-balance-sheet-strength\\\/\",\"name\":\"CVG Announces Sale-Leaseback Transaction to Improve Balance Sheet Strength - 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