Aug. 22 at 8:09 PM
$EDUC inked a
$32.5M sale‑leaseback on its Tulsa HQ, yet its market cap remains sub‑
$10M. 402K sq ft facility, Hilti & Crusoe AI as long‑term tenants, 10‑year triple‑net lease at
$8/sq ft + 2.5% annual raises, 45‑day due diligence. This is a premium balance‑sheet reset few small‑caps can claim.
An actionable financial transformation:
- De-leveraging - Using the
$32.5M sale proceeds to pay down term loans and revolving credit
- Improved liquidity - Before: Cash flow was being eaten by mortgage + loan interest, After: No more mortgage payments, bank debt greatly reduced, and lower monthly obligations freeing up working capital. No more needing to tap credit lines to stay afloat.
- Operations continue seamlessly, but with less financial pressure: Signed a 10-year triple-net lease to stay in the same facility, secured two 5-year renewal options, so they’re not going anywhere, and their existing tenants (Hilti, Crusoe AI) remain in place under long-term leases, now with the new owner.
