Buyout

Revised Mercer U.S. Pension Buyout Index Methodology Shows That Costs of Annuity Buyouts Could Be Less Than Accounting Liability

Retrieved on: 
Jeudi, septembre 17, 2020
Accounting, Professional services, Insurance, Finance, Finance, Money, Financial risk management, Pension buyout, Pension, Buyout, Financial economics, Mercer, the Mercer US Pension Buyout Index

The discovery comes following enhancements introduced by Mercer to its U.S. Pension Buyout Index (the Index).

Key Points: 
  • The discovery comes following enhancements introduced by Mercer to its U.S. Pension Buyout Index (the Index).
  • As of June 30, 2020, the new Index value was 97.7%, indicating that a hypothetical retiree buy-out transaction may cost 97.7% of the plans accounting obligations.
  • The revised methodology is more in line with the experience of the majority of Mercer clients who have executed retiree buy-outs and achieved a transaction price near or often below the accounting liability.
  • As such, we believe that the enhancements to the Mercer U.S. Pension Buyout Index more accurately reflect the economic reality in which we are operating.

CAPREIT Completes Buyout of Eight Properties Under Operating Leases

Retrieved on: 
Mardi, juin 30, 2020
Business law, Economy, Finance, Money, Corporate finance, Leasing, Landlord–tenant law, Operating lease, Buyout, Lease

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.

Key Points: 
  • TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has completed the previously-announced buyout of eight operating leases for properties in Toronto.
  • The operating lease buyouts were financed, in part, by a draw on CAPREITs Acquisition and Operating Facility.
  • CAPREIT previously closed the early buyout of three other operating leases in Toronto for approximately $31 million, and has now successfully converted eleven of its fifteen operating lease properties to fee simple ownership.
  • CAPREIT will continue to evaluate prepaying the buyouts on its remaining four operating leases which have contractual buyout periods commencing between 2024 and 2028.

BBT Announces Management Buyout From Beeper

Retrieved on: 
Lundi, juin 15, 2020
Mbo, Buyout

TEL AVIV, Israel, June 15, 2020 /PRNewswire/ -- Be Broadband Technologies (BBT.live) Ltd., today announced their completion of a management buyout (MBO), becoming a majority employee-owned company together with a group of investors led by Moshe Levinson, former executive VP at Beeper Communications.

Key Points: 
  • TEL AVIV, Israel, June 15, 2020 /PRNewswire/ -- Be Broadband Technologies (BBT.live) Ltd., today announced their completion of a management buyout (MBO), becoming a majority employee-owned company together with a group of investors led by Moshe Levinson, former executive VP at Beeper Communications.
  • BBT.live is entering the market as provider of today's most advanced SD-WAN wireless technology solutions, which it develops, designs, engineers and manufactures.
  • Moshe Levinson, President, CEO and a co-owner, conceived of the idea behind BBT.live few years ago.
  • And it provides for management of a secured and highly scalable multi-tenant, multi-VPN Cloud network with Zero Trust security.

UPDATE – CAPREIT Advances Toronto Operating Lease Buyout Strategy

Retrieved on: 
Vendredi, juin 5, 2020
Economy, Business law, Finance, Money, Leasing, Corporate finance, Landlord–tenant law, Buyout, Stock market, Davisville, Operating lease, Lease

The address 33 Davisville Avenue has been added to the first paragraph, along with additional information regarding the purchase price of the operating lease buyout.

Key Points: 
  • The address 33 Davisville Avenue has been added to the first paragraph, along with additional information regarding the purchase price of the operating lease buyout.
  • CAPREIT previously closed the early buyout of three of its operating leases in Toronto located at 20 Shallmar Avenue, 124 Broadway Avenue and 111 Davisville Avenue for approximately $31 million.
  • When completed, CAPREIT will have successfully converted eleven of its fifteen operating lease properties to traditional fee simple ownership interests.
  • The operating lease buyouts are expected to be financed by a draw on CAPREITs Acquisition and Operating Facility.

CAPREIT Advances Toronto Operating Lease Buyout Strategy

Retrieved on: 
Mercredi, juin 3, 2020
Economy, Business law, Finance, Money, Corporate finance, Leasing, Buyout, Stock market, Operating lease, Lease

TORONTO, June 03, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has agreed to prepay the buyout of eight operating leases (8 Lease Buyouts) for eight properties in Toronto, which are expected to close by June 30, 2020.

Key Points: 
  • TORONTO, June 03, 2020 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (TSX:CAR.UN) announced today that it has agreed to prepay the buyout of eight operating leases (8 Lease Buyouts) for eight properties in Toronto, which are expected to close by June 30, 2020.
  • CAPREIT previously closed the early buyout of three of its operating leases in Toronto located at 20 Shallmar Avenue, 124 Broadway Avenue and 111 Davisville Avenue (together with the 8 Lease Buyouts, the Operating Lease Buyouts).
  • When completed, CAPREIT will have successfully converted eleven of its fifteen operating lease properties to traditional fee simple ownership interests.
  • The Operating Lease Buyouts are expected to be financed by a draw on CAPREITs Acquisition and Operating Facility.