Row 68823

Row ID: 68823 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 68823 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

So Golden Gate had Red Lobster do a sale leaseback of property to net a gain of 1.5B on a 2.1B investment. In 2016 they sold 25% of the company for $575M and then sold the remainder in following years. So Golden Gate, after doing a sale leaseback, made money. Red Lobster spent $200M last year on rent. They have $1B in debt that they can't pay and therefore are filing bankruptcy. I wonder where they would be if they never did the sale leaseback.

FieldValue
text So Golden Gate had Red Lobster do a sale leaseback of property to net a gain of 1.5B on a 2.1B investment. In 2016 they sold 25% of the company for $575M and then sold the remainder in following years. So Golden Gate, after doing a sale leaseback, made money. Red Lobster spent $200M last year on rent. They have $1B in debt that they can't pay and therefore are filing bankruptcy. I wonder where they would be if they never did the sale leaseback.
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-23
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Raw Record

{
  "text": "So Golden Gate had Red Lobster do a sale leaseback of property to net a gain of 1.5B on a 2.1B investment. In 2016 they sold 25% of the company for $575M and then sold the remainder in following years. So Golden Gate, after doing a sale leaseback, made money. Red Lobster spent $200M last year on rent. They have $1B in debt that they can't pay and therefore are filing bankruptcy. I wonder where they would be if they never did the sale leaseback.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-23",
  "username_encoded": "Z0FBQUFBQm5Lak1lVWdodEhKdlU1dkFINnNEVmZiOWwyY192R2FpMkZiQkdNY1dvUXEyclpDUXYtLWtuVkNSSkRYWVFSRVFfRW1FaE5veWV3Ny1wSkhZekttUUM0QVpFM2c9PQ==",
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}

Entry Information