Combination and refinance model

Hi everyone,

I’m currently working on a financial model for the combination of three companies, and I’d really appreciate your input to ensure the structure is conceptually sound. 
 

• We have already conducted a valuation for the combination, reaching an agreed 50-50 equity split between us and the counterpart.
• Net Debt Adj. (33m with 13m cash). 
  Ebitda Adj. 13m
• We want to refinance the current debt with a unitranche (3.25/3.5x ebitda is possible)
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• Given the significant level of existing debt, we’re planning to refinance the entire amount using a single unitranche loan.
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• I’m looking to build the Sources & Uses structure that reflects this scenario correctly. Specifically, I’d like to understand:
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• How to properly structure the Sources & Uses, given the refinancing through one unitranche loan.
• Best practices for presenting the breakdown, ensuring clarity on the equity split and debt coverage.
• Any potential pitfalls or considerations I should keep in mind.
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• If anyone has experience with similar structures or can share insights on best practices, I’d greatly appreciate your guidance.