A $785M countertrade contract for ASSET RECOVERy.
A $567M COUNTERTRADE CONTRACT FOR A REAL ESTATE PORTFOLIO.
One of our client’s corporate real estate portfolio values has been dramatically depressed by a downturned economy due to the coronavirus pandemic. An office tower building they own was no longer needed. It had a book value of $567 million, but they couldn’t find a buyer to buy it for more than $200 million in the current market. The underperforming asset was adversely affecting their cash flow and expense budget. WTE initiated, structured, and facilitated a $567 million countertrade contract for the company. Based on the countertrade contract, WTE purchased the client’s assets at its original book value of $567 million, thus allowing them to avoid a corresponding $367 million loss and writedown.
A $2.53B COUNTERTRADE CONTRACT FOR SURPLUS ASSET.