The provider of business integration software also said it has spent $28 million to pre-pay a 51-year lease for the land upon which the buildings are situated. Neither the size of the buildings acquired nor the amount of land leased were provided as part of the filing and a company official did not get back to GlobeSt.com regarding the names of the seller and lessor. The company's official address is 3303 Hillview Avenue.
In connection with this purchase and lease arrangement, Tibco obtained a $54-million mortgage note payable to a financial institution that is collateralized by the commercial real estate property, according to the filing.
Shares of the Tibco closed Thursday at $5.58 apiece, off $0.14 on the day. The shares' 52-week range is $3.28-$8.10; both ends of the range date back to the fourth quarter of 2002. Last month, the company reported a second quarter net loss of $600,000 on revenue of $61.5 million.
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