LOI strength and term sheets

August 23, 2024
by a searcher from The University of Arizona - Eller College of Management in Gilbert, AZ, USA
Hello,
I'm about to submit an LOI, and three different banks have supplied term sheets (I know it was a ton of extra work). So, how have any of you shared term sheets to support the strength of your offer? There is a lot of stuff in those that could hurt my offer as much as help, so I wanted to know your thoughts. Redact it? Or just be straightforward and transparent?
from University of Virginia in Holmes, NY 12531, USA
from The University of Chicago in Chicago, IL, USA
I think what you have is bank's letter saying your financial capability to pull off a deal. You are better off having that than not having one. But also remember, they are "dime a dozen".
Use of wrong terminology is risky.
You do not need to over-disclose.