Take Private Sources and Uses

Hi all i am currently modeling a take private and wanted an opinion on how best to show S&U / tie it to a "fully-loaded" TEV including min cash. Where I am getting tripped up is how to treat the current cash on the balance sheet. Do you use this to fund the transaction? If so, your total sources and total uses should be higher by the amount of cash used to fund, correct? Any insight or discussion would be helpful.

 

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