Asset Sale

Asset Sale

The sale of a loan by a bank to a third party. An asset sale ensures that the bank receives cash for a loan it has made and reduces its potential for bad debt. It removes the loan from the bank's portfolio, unless the bank has an agreement with the third party to take the loan back in the event of default.
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It helps establish a relation between the size of financing need and the choice between an asset sale and a security issuance.
The asset sale remains subject to the satisfaction of customary closing conditions, including applicable regulatory approvals, and the approval of the company's shareholders.
Fitch does not envisage a more material asset sale at this moment, but believes that non-core asset sales of between BRL2.0 billion to BRL2.5 billion would be considered positive by creditors and could help the company with its refinancing discussions.
Global Banking News-June 1, 2018--India's PNB Bank could raise capital through asset sale
Rite Aid Corporation today announced that it has commenced an offer to purchase for cash (the "Asset Sale Offer") up to $900,000,000 of its outstanding 9.25% Senior Notes due 2020, 6.75% Senior Notes due 2021 and 6.125% Senior Notes due 2023, with a portion of the net cash proceeds received to date from the previously announced sale to Walgreens Boots Alliance, Inc.
A representative of ConocoPhillips declined to comment on this specific asset sale but said: 'It is common in the energy business for companies to review, readjust and optimise their portfolio from time to time.' A Wells Fargo representative declined to comment.
"Billabong also announces it is currently in discussions with Altamont Capital Partners and in discussions with Sycamore Partners regarding proposals presented to the company for alternative refinancing and asset sale transactions," it said.
(NASDAQ: SCMR) said it has signed a definitive asset sale agreement to sell substantially all of the assets of its Intelligent Bandwidth Management business to a subsidiary of Marlin Equity Partners (Marlin) for $18.75 million.
Slone, the petitioners prevailed when the Tax Court refused to apply the substance-over-form doctrine to recast a sale of a company's stock following an asset sale as a liquidating distribution.
The company is currently considering alternatives to an immediate asset sale.
has closed three asset sale transactions in the last month that have generated around $100 million in cash.
He also engages in valuing portfolios, structuring pooling and asset selection strategies, providing asset sale recommendations to clients, and managing deal executions.