28Aug
Debt-Free Deals with "Free Debt" – Practical Solutions for Sellers with PPP Loans in M&A
The majority of middle-market M&A has followed a similar structure for quite some time: while ensuring normalized working capital, the seller sweeps “Cash” and pays off all “Debt” at closing. The nuance, of course, lies in the definitions of “Cash” and “Debt.” “Cash” is usually a straightforward definition and excludes restricted cash, as well as checks and wires in transit. On the other hand, the definition of “Debt” usually takes up one-half to three-quarters of a page and, with limited...
By:
Holland & Hart LLP
Related
On March 20, 2020, Governor of Illinois JB Pritzker, issued an executive order requiring Illinois re...
Read More >
Hiring the best talent can maximize the success of your company. Sometimes that means hiring a forei...
Read More >
The U.S. Department of Labor makes available a variety of Family and Medical Leave Act forms to empl...
Read More >
With the rapid increase of year-15 disputes and growing issues surrounding industry Aggregators, LIH...
Read More >
With data privacy issues constantly in the news, what do businesses need to know about handling pers...
Read More >
Our Unclaimed Property Group examines the recently enacted SECURE Act and the significant changes th...
Read More >