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0.000347947112039125 0.00252261656228264 0.000347947112039125 0.00252261656228264 0.00904662491301339 0.000347947112039125 0.00687195546276967 0.00252261656228264
Stock impact report

SLB Capital Advisors Advises on Sale Leasebacks For Leading EV Fast Charging Solutions Provider EVgo [Yahoo! Finance]

EVgo Inc. (EVGO) 
Company Research Source: Yahoo! Finance
NEW YORK March 26, 2024 /PRNewswire/ -- SLB Capital Advisors , a real estate advisory firm focused on executing sale leasebacks for corporations and sponsors, arranged four leasing transactions on behalf of EVgo , a leader in electric vehicle charging solutions, by Q1 2024. SLB worked on behalf of EVgo to identify and source an institutional investor to fund cornerstone properties for EVgo's hubs business. The properties are located in Los Angeles, CA Santa Monica, CA San Diego, CA and Brooklyn, NY and are expected to feature fast charging stalls owned and operated by EVgo. The total property value of the transactions was approximately $27 million Upon sale of certain properties to an institutional investor, EVgo simultaneously leased back the properties under a long-term lease with multiple renewal options. Malik Franklin , a partner with SLB Capital Advisors, and the principal architect of the transaction, said the deal is noteworthy for investors because the underlying real Show less Read more
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