Currently, I am working on a refinancing for a company with 10m ebitda. The shareholder wants to raise an unitranche loan. Does anyone have a sample document which is usually sent to debt funds as a financing request?
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Usually Mgmt/Sponsor will put together some basic materials (think 10-20 pages) of what the company does, revenue lines, customers, financial history and send to potential lenders. Should include basic stuff that lenders are going to ask in diligence anyways. Projection model too. That should be enough for them to get you a read/maybe term sheet, then you can progress through remaining diligence where they are going to need to see more.
Or hire a debt advisor who will charge you ~2% of the facility amount.
Many thanks. Is a forecast of the P&L (buy-and-build case) sufficient? Or is forecasted CF a minimum requirement?
Lenders will want capex/NWC projections too
Since its a refi, the quantum is known, so probably easy enough to build in the S&U, PF Cap and then show a FCF build/debt waterfall
We also want to raise additional debt to finance potential future acquisitions. How do you deal with future acquisitions in your CF (if the assumptions is that you buy 30m turnover each year)?
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