New Debt Issuance in DCF

Hello all,

When building a 3 statement DCF model, what assumptions should I use for new debt issuance? I know this doesn't impact UFCF and the overall valuation, but if I assume no new debt, the balance sheet will reach 100% equity by the end of terminal year. If I'm presenting a balance sheet it will look unrealistic. What do you guys recommend?

Thanks

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