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Legal Update

Operating Leases and Credit Agreements in the US: What You Need to Know Before January 1

13 August 2018
Mayer Brown Legal Update
On January 1, 2019, Financial Accounting Standards Board (“FASB”) guidelines come into effect that will present public-company borrowers with changes to the treatment of leasing transactions under US Generally Accepted Accounting Principles (“GAAP”)—changes that could extraordinarily affect their balance sheets. Similar changes for private companies will go into effect January 1, 2020. This Legal Update discusses the new guidelines' impact on loan documentation and existing credit agreements, potential borrower-friendly “loopholes” and considerations related to “GAAP-freezing” provisions.


  • Adam C. Wolk
    T +1 212 506 2257
  • David K. Duffee
    T +1 212 506 2630
  • Zachary A. Polidoro
    T +1 212 506 2763
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