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Corporate Debt Information Needed for M&A Due Diligence

To complete M&A due diligence, a Buyer needs access to information about all aspects of the business. One of those aspects is debt and financing arrangements. This is a comprehensive list of the kinds of things that a Seller will need to provide to the Buyer about the debt and financing instruments of the company.

  • Schedule and copies of all promissory notes, bonds (including industrial development revenue bonds), commercial paper, loan/credit agreements, indentures, and other agreements or instruments relating to the short-term and long-term borrowing of money involving the company and existing at any time during the reporting period.

  • Schedule and copies of any guaranties, repurchase obligations, and other arrangements whereby the credit of the company is obligated for the indebtedness of a person (including one of the company) and subordination and inter-creditor agreements involving the company.

  • Schedule and copies of all security agreements, pledge agreements, mortgages, and other agreements or instruments whereby the properties or assets of the company are subject to the indebtedness of a person (including one of the company).

  • Schedule and copies of any letters of credit, financial surety/performance bonds or similar credit support devices outstanding for the benefit of the company and related reimbursement or indemnification agreements.

  • Copies of any compliance certificates, including borrowing base certificates and covenant compliance calculations, supplied to any creditor during the reporting period.

  • Copies of material correspondence with any creditor during the reporting period.

  • Schedule and details of any existing defaults under credit arrangements and any events that have occurred that, with the giving of notice or the passage of time, will become such a default.

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