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Sale Leaseback Structuring and Placement
Sale Leaseback transactions have become pervasive in the restaurant industry in recent years and in many situations they are the absolute right solution. Unfortunately, in many cases a sale lease back is merely a quick fix which can severely impair the long term value of the enterprise. A sale lease back is part asset sale and part financing. Both elements of the transaction need to be thoroughly analyzed and carefully managed. The team at Auspex has a comprehensive understanding of the product and the process.
- Work with management to determine the company’s financial needs
- Help management determine the viability of a sale leaseback (“SLB”) solution
- Review existing loan documents to determine restrictions on assets sales and prepayment penalties
- Compile comprehensive SLB placement memorandum
- Develop SLB placement timeline
- Set up and manage data room
- Distribute SLB placement memorandum
- Facilitate SLB providers meetings with management and store tours
- Review and critique Letter of Intent
- Assist management with the selection of the most favorable deal
- Help management negotiate optimal structure, terms and pricing
- Review and comment on Asset Purchase Agreement and lease
- Develop with the SLB provider a mutually acceptable schedule of closing costs and time frames
- Coordinate SLB provider due diligence process
- Perform other tasks as needed to facilitate closing
- Assist management with any post-closing issues
Deal History - Sale Leaseback Structuring and Placement
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