SEEKING BORROWING SOLUTION FOR CONCLUDING MEDIA COMPANY DEAL IN CALIFORNIA

I am a UK Buyer who has agreed a deal to purchase a Los Angeles based media company with Day 1 Cash at $5.5m. I have secured a deal to settle $3m day 1 and pay the balance off over 2 years. The Balance Sheet provides sufficient collateral to cover off the initial lending arrangement however the problem is the Sellers want ALL the cash down on day 1 even though their Balance Sheet would not support this level of lending.
Could I apply for an unsecured loan backed up by the security of the letter of comfort from my lendor or possibly structure a Management Buy-In with the funds available and use the growth targets in Years 2 and 3 as the opportunity to secure the remaining funds.
I would welcome anybody who would look at the deal or is able to provide a financing solution which I may have over-looked

Thanks

scott



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