Douglas Dynamics has struck a $50 million deal on a sale-leaseback on seven of the company's facilities to shore up its balance sheets.

Under the agreement, the commercial truck attachments firm will have multiple options. The initial lease is for 15 years, but it can opt for renewal with two separate 10-year exercises.

While the properties were not specified by Douglas, they are located in the following cities and states: Huntley, Illinois, Manchester, Iowa, Rockland, Maine, Madison Heights, Michigan, and Milwaukee, Wisconsin.

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