sale-leaseback Related Content

Scorpio Tankers Boosts Liquidity By $82MM via Sale Leasebacks, Scrubber Financings

Scorpio Tankers has entered financing facilities expected to increase liquidity by approximately $82.0 million. The company has entered sale and leasebacks expected to raise approximately $70 million of liquidity and a new commitment of $12.0 million to finance scrubbers. read more

Making Sale-Leasebacks Work Under ASC 842

Sale-leasebacks are common in the industry, but these transactions can cause accounting issues under ASC 842. Shawn Halladay outlines the key issues and accounting requirements surrounding this product as well as strategies to overcome potential obstacles.... read more

Sales-Leasebacks: The Devil is in the Details

ASC 842 expands the failed sale-leaseback concept to include equipment. Under ASC 840, only real estate was subject to this accounting approach. Unless the current tax rules change, a similar issue arises when considering the tax effect of certain sale leasebacks. These factors mostly affect the lessee however lessors should be aware of them when structuring leases. Joe Sebik explains the accounting and tax ramifications and considers how the approaches may have to change to accommodate the new rules. ... read more

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