Cash free debt free deal mechanics (with seller owing to the target)

How does cash free debt free (CFDF) transaction mechanics work? In an example where EV = 50; Cash = 10; Target’s debt = 1; Sellers debt to the target = 5. What would be the deal value in a CFDF transaction and what are the steps at signing and closing? How much capital will the buyer need to acquire the firm and how much will the seller get at the closing? Would really appreciate if someone could clarify this. Also, what would be the opposite if the transaction was not CFDF? How does cash free debt free (CFDF) transaction mechanics work? In an example where EV = 50; Cash = 10; Target’s debt = 1; Sellers debt to the target = 5. What would be the deal value in a CFDF transaction and what are the steps at signing and closing? How much capital will the buyer need to acquire the firm and how much will the seller get at the closing? Would really appreciate if someone could clarify this. Also, what would be the opposite if the transaction was not CFDF?

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