CVG Completes Sale-Leaseback for $16M Proceeds

Commercial Vehicle Group (CVG) has completed a sale-leaseback transaction for its manufacturing facility in Vonore, Tennessee, generating $16 million in proceeds. CVG used the net proceeds to prepay a portion of its existing term loan facility to reduce leverage.

CVG will lease back the Vonore property for a 20-year term, with initial annual base rent of approximately $1.4 million for the first year. The company said the transaction is not expected to disrupt operational activities at the Vonore plant and reaffirmed its previously issued full-year 2026 outlook.