Tag: Walmart debt
-
Asda’s £600m Property Deals: What It Means for the Shop, Shoppers, and Stock Market
Overview: Asda’s Big Property Moves Asda, the British supermarket chain owned by private equity firm TDR Capital, has secured close to £600 million through two sale-and-leaseback transactions. The deals involve selling ownership of store properties to investors and immediately entering long-term lease agreements to continue operating the stores. In practical terms, Asda monetized its real…
-
Asda raises nearly £600m from sale-and-leaseback deals amid debt pressures
Asda taps property assets to shore up finances The UK supermarket chain Asda has secured almost £600 million from two sale-and-leaseback deals, a move its private equity owner TDR Capital says strengthens the retailer’s finances ahead of a looming debt repayment to its former owner, Walmart. The transactions involve transferring property assets to investors while…