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RumbleOn to use $55 million property sale to reduce lender debt
Chicago, Aug. 28 – RumbleOn, Inc. said it would use $55 million of proceeds from a property sale to reduce outstanding debt to its lenders, according to an 8-K filing with the Securities and Exchange Commission.
The company announced the sale of nine separate properties to NNN REIT, LP.
The sale is being conducted as a sale-leaseback.
RumbleOn is an Irving, Tex.-based online retailer of powersports vehicles.
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