Hi, I'd like to know about the experience of searchers (Traditional/self funded) who have dealt with banks for lending terms for their LBO.
What was your experience?
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Experience with banks in Canada as an international student
by a searcher from University of Pennsylvania - The Wharton School
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Only thing to be careful of is to make sure that the term sheet has been shown to the bank's credit committee and received a verbal or anecdotal approval before you sign, as there have been some re-trade issues in the past. Should expect to receive 1.5x-3x ebitda for a deal thats $1.5-3M in ebitda, at reasonable (5% or less) rates on a 5-7 year AM schedule, with no personal guarantee. If you're not getting that from anywhere, its possible its not as nice a business as you think :)