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CASE STUDY: SYNTHETIC LEASING/TAX ADVANTAGE LEASING
COMPANY DESCRIPTION
Provides cross-border managed data communications services to corporations worldwide. The Company owns and operates the largest asynchronous transfer mode network. This network can be accessed from numerous countries. It’s integrated service solution includes frame relay, remote access, intranet, multimedia, and Internet services.
| Revenue: |
$662 million |
| Net Income: |
$27 million |
| Project Size: |
$7.3 Million to date |
| Credit Rating: |
S&P BB |
| Latest Transaction: |
$9.2 Million |
SOLUTION
Insight Investments financed corporate infrastructure equipment for this company. The engineering of this transaction allowed them to treat the lease off-balance sheet for GAAP purposes and on-balance sheet for tax purposes.
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