Prudential Capital Group




Provides long-term, fixed-rate debt financing for operationally essential real estate, such as headquarters/office buildings, manufacturing plants, distribution centers and retail locations.


Structural Characteristics
Sale/leaseback or build-to-suit of corporate headquarters, office buildings, warehouses, distribution centers or retail stores
Bond or credit leases
Flexible payment structure
Medium- to long-term maturity, from three to 25+ years

Typical Size
$15 million - $100 million

Scale and Commitment
Investing in middle-market leveraged transactions for more than 50 years
Invested nearly $1.4 billion in lease-backed transactions since 2003


Issuer Benefits
Benefits to the Lessee:
Operating lease treatment
  Off-balance sheet financing
    - Improves return on assets
    - Improves leverage metrics
  Tax benefits
The lessee controls the asset long-term
Optimization of capital

Advantages relative to issuing in public markets:
Attractive economics, particularly for private placements less than $500 million
Size and depth of market
Tailored transactions
Limited disclosure
No requirement for rating agencies
All-in costs
Quick and efficient execution



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