Overstock Results Presentation Deck
New Corporate Campus.
• Broke ground on "Peace Coliseum" on October 10, 2014
- Construction well underway
- Move in: August 2016
• Total campus cost (land, buildings, parking, landscaping, equipment, furniture, etc.)
of $90 million (after tax incentives of approximately $10M)
●
Financing Terms:
$46M real estate loan, 4.6% interest rate (swapped), 9 year term
- We fund first $38M (includes $11M land purchase) before first draw (October 2015)
- Annual debt service of $3.2M vs. $6.2M estimated average rent if we renewed existing
HQ (for 2/3 the space and no ownership)
– Also provides $10M working capital revolving loan
Estimated 26% savings in cost per square foot
- Annual operating costs
- New campus vs. current headquarters
Oloverstock
TM
EROTIRU
ALELUIDE
LUBLURUL
18View entire presentation