Meta-Apollo Private Credit Structure, The Leaseback Model Defined, Why Hyperscalers Are Moving Off-Balance Sheet, What This Means for the Infrastructure Capital Stack
Great piece. Clearly, Meta's IG credit is the foundation, but it may start the trend for the financing structure to be used more widely. One question: post-ASC 842, I'm not sure Meta will get this entirely off-balance sheet, though the capex line is definitely lighter. Also, do you have a sense who is depreciating this asset for tax purposes?
Great piece. Clearly, Meta's IG credit is the foundation, but it may start the trend for the financing structure to be used more widely. One question: post-ASC 842, I'm not sure Meta will get this entirely off-balance sheet, though the capex line is definitely lighter. Also, do you have a sense who is depreciating this asset for tax purposes?
The asset will be depreciated by the equity investors in the deal.