Comment by csomar
3 months ago
How is this different from a 5-10 year lease? You can sell the car to someone (or the construct) and he continue to service the debt or you can service the debt.
Now that am thinking about it (not accountant) does a lease show as debt or not?
I think the point is that Meta really really wanted to avoid getting their credit rating downgraded, and ... went shopping for off-book financial vehicles.
On one hand they (supposedly) have enough "discounted cash flow" to do whatever, on the other hand I guess even they know it's a bubble and fallow years are coming.