Seller note hopes and desires

by a searcher

1 year ago

Has anyone been recommended by seller and their reps to have seller note at first position? 
Are banks even considering seller note at first position? 

I recently was suggested this and I kept my head straight with a poker face because I felt the parties were wasting their own time by even proposing such an innovative out of the world structure. 

Bankers - any response for above will be appreciated.

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8 comments

searcher from Northern Alberta Institute of Technology

Seller's tend to have this position...they're suffering from parallax error. Often the vendors on founder led businesses (who, presumably don't currently answer to the bank) can't understand that the bank would have any say on their rights or what happens with their business. But it's a new day when they sell their company.

4 months ago | like reply | 1 like

searcher from IE Business School

no game on a seller note at first position... at least with any Canadian Senior lenders I ever spoke with.

1 year ago | like reply | 1 like

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