Huaxia Financial Leasing Provides Sale and Leaseback Financing for Newbuild Vessels

Cool Company and Huaxia Financial Leasing Co. entered sale and leaseback financing arrangements for the Kool Tiger and Kool Panther newbuild vessels. read more

OCT 19, 2023 - 6:05 am

Fleet Advantage Secures $24.5MM in New Business Through Sale-Leaseback Program

Fleet Advantage secured an additional volume of $7.5 million in new business through its recently launched sale-leaseback program. The additional volume follows an initial $17 million generated shortly after the program’s launch in May. read more

OCT 29, 2020 - 7:15 am

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

SEP 25, 2020 - 5:55 am

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

Jan/Feb 2020

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

September/October 2018