Bob Evans Farms Closes on a $30 Million Mortgage

February 10, 2016

Bob Evans Farms, Inc. announced it closed on a $30 million mortgage of its corporate support center in New Albany, Ohio.  

The mortgage has a 10-year term with a variable interest rate, initially set at 5.1 percent. Additional information concerning this transaction was filed by the company with the Securities and Exchange Commission.

Mark Hood, the chief administrative and chief financial officer says, “I am pleased to announce closure of this transaction as it marks further progress toward completion of the real estate monetization initiatives we announced during the first fiscal quarter of 2016. As with the $51.6 million sale-leaseback transaction…