26
Sources of Capital
§Senior Debt
§City National
Bank, or other less qualified lenders
§Asset based
lenders (Foothill Capital/WFB), CIT, etc.
§Mezzanine Debt
§Many hedge funds are out of
the market
§A number of
specialized funds still exist to provide
mezzanine capital
§Equity
§Acquiror’s existing
cash
§Issuance of
acquiror stock to seller (of publicly traded)
§Other capital
sources in acquiror home country
