June 18, 2026
Tropical Battery Company Limited (TROPICAL) has advised of the successful completion of a sale-leaseback transaction involving its Ferry Road headquarters property. The Company has further advised that the transaction generated gross proceeds of J$950 million. A portion of those proceeds has been applied to retire higher-cost debt obligations, reducing the Group’s annualised interest burden. The Company has also advised that the balance has been deployed to strengthen working capital.
TROPICAL has further advised that the Company retains full operational occupancy of the property under a long-term lease arrangement, and there is no disruption to business operations.
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