sale and leaseback


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Related to sale and leaseback: Sale and Leaseback Agreement

sale and leaseback

a transaction whereby a business (whether incorporated or not) sells a property (often its factory or offices) to raise capital and then leases it back at a rent from the purchaser.
References in periodicals archive ?
The board has reviewed thoroughly several options as a means to unlock value from its existing property holdings and has concluded that a sale and leaseback followed by a return of capital to shareholders is the most appropriate method to crystallise value for shareholders.
After a sale and leaseback, the shareholder's basis in the property will be its fair market value, which usually is higher than the price the corporation originally paid (if the land and building have gone up in value).
Unwins is now rumoured to be close to a sale and leaseback deal with a major investment bank.
The Company announced it has completed a sale and leaseback transaction involving 23 of its O'Charley's restaurants for $50 million.
In the past two weeks, the Company completed two sale and leaseback transactions involving six communities producing gross proceeds of $91.
The Company has completed sale and leaseback transactions involving Holley Court Terrace, a congregate care community located in a suburb of Chicago, the Homewood Residence at Coconut Creek, a pre-stable free-standing assisted living community located near Ft.
NYSE:PIC) today announced that it has appointed a new marketing executive, closed 14 non-performing cafeterias, successfully completed a sale and leaseback transaction, and amended its Senior Credit Facility.
BBB+/Stable/A-2) entering into a sale and leaseback agreement in respect of 17 industrial properties located in strong industrial precincts in Australian capital cities.
Our sale and leaseback of the Denver Tech and Billerica properties enables us to further strengthen our balance sheet, while maintaining management of these outstanding properties," said Fred J.
Commenting on Sizzler's plans for the investment of the sale and leaseback proceeds, Boppell said: "We intend to pursue a three-pronged strategy over the next two years.