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 27 November 2019, the Romanian Parliament approved a Law on Regulation of Alternative Investment ...
Read More >
ICE is now conducting worksite inspections for STEM OPT employers. ICE’s stated purpose for conduct...
Read More >
My Director of Nursing (DON) decided to put up a personal surveillance camera in her office. It stre...
Read More >
The IRS has just issued the cost of living adjustments for various retirement plan limitations that ...
Read More >
This Interim Rule follows the Proposed Rule on filing fees published by the Committee on March 9, 20...
Read More >
The Washington, D.C. City Council is considering a proposed bill that would ban non-compete agreemen...
Read More >