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PetMeds Announces Proposed Sale-Leaseback of Headquarters and Distribution Center Buildings for $37 Million

PetMed Express, Inc. (Nasdaq: PETS) has entered into a definitive agreement for a sale-leaseback transaction of its headquarters and distribution center buildings in Delray Beach, FL, for an aggregate purchase price of $37 million. This move aims to strengthen the company's balance sheet, optimize …

PetMed Express (PETS) Executes $37 Million Sale-Leaseback Deal

PetMed Express (PETS) has finalized a $37 million sale-leaseback agreement for its headquarters and distribution facilities in Delray Beach, Florida. This strategic move aims to unlock capital and improve liquidity, with the transaction expected to close within four months. Despite facing financial challenges, reflected …

PetMeds' $37M property deal would keep its Florida offices

PetMed Express (NASDAQ: PETS) announced a definitive agreement for a $37 million sale-leaseback transaction involving its headquarters and distribution center in Delray Beach, Florida. This move aims to strengthen its balance sheet, optimize assets, and unlock real estate value, while allowing the company to …

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