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
$20 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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Prudential is authorized to transact business in all U.S. states and the District of Columbia.
Product availability varies by state and country.
Prudential, the Prudential logo, and the Rock symbol are service marks of Prudential Financial, Inc.
and its related entities, registered in many jurisdictions worldwide.
© Copyright 2013 Prudential Financial, Inc., Newark, NJ USA. All rights reserved.
Prudential Financial is a service mark of The Prudential Insurance Company of America, Newark, NJ, and its affiliates.