Amgen sold its Deerfield, Illinois, office campus for $151 million to an entity tied to Chicago-based Mesirow and signed a long-term lease to remain there. The roughly 660,000-square-foot site has three buildings; Amgen occupies one.
The sale-and-leaseback raises cash without issuing shares or taking on new borrowing, but leaves Amgen with rent obligations. The article says the $151 million is small relative to its roughly $57 billion in debt, much of it taken on to acquire Horizon Therapeutics; reducing that debt is a stated priority.
