Of course, I'm no accountant, but it seems like a good move regardless of how it fits in the balance sheet.
"VANCOUVER, BC, March 14, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ("Western" or the "Company") announced today that it has completed the sale of certain non-core assets for $36 million. The sale includes certain properties, and their underlying rights, related to the Orca Quarry located near Port McNeill, British Columbia. The Company intends to use the proceeds from the sale to repay debt and to support its long-term strategic initiatives."
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!