NEW ALBANY, Ohio, April 02, 2026 (GLOBE NEWSWIRE) -- Commercial Vehicle Group (the "Company or "CVG") (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'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.

"This transaction builds on our recent momentum, providing additional cash flow to deleverage," said James Ray, President and Chief Executive Officer of CVG. "We continue to deliver on our previously stated objectives, with CVG's 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."

CVG anticipates no disruption to operational activities at the Vonore plant.

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.

Company ContactMichelle HardsVice ...