From the M&A Glossary: Sale Leaseback

A Sale Leaseback is a financial transaction in which a company sells an asset, usually real estate, to another party and then leases it back from the new owner for a negotiated period and other agreed upon terms.  

This arrangement allows the seller to convert the value of the asset into cash while retaining the right to use the asset through a lease agreement.

Sale leasebacks can be advantageous for companies looking for a source of cash to pay down debt or invest in growth opportunities, while retaining access to critical assets.

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