The Financial Accounting Standards Board has strengthened the conditions needed to be met to keep a lease off-balance-sheet, and Port Authority transactions are structured to meet those new requirements. The Port Authority has completed 16 off-balance-sheet transactions for companies such as BAX Global, Owens Corning, HCR Manor Care, and Brush Wellman. Such transactions remain a viable option for certain entities.
The Financial Accounting Standards Board has tightened the criteria necessary to keep a lease off-balance-sheet, and Port Authority transactions are arranged to fulfill these new stipulations. The Port Authority has executed 16 off-balance-sheet deals for firms like BAX Global, Owens Corning, HCR Manor Care, and Brush Wellman. Such arrangements continue to be an acceptable choice for certain organizations.