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IBC Advanced Alloys Corp. announces entering into sale leaseback agreements with Flatbay Properties , securing US$3,850,000 in funding. The purchase contract results in working capital after repaying a term loan. Flatbay purchases a property in Franklin, Indiana, leasing it back to the subsidiary for five years with an option to repurchase. The lease payments vary based on the debt service coverage ratio, and the agreement includes customary terms for the manufacturing sector.
