This session focuses on one of the most important steps in an ESOP transaction: raising financing for a leveraged ESOP transaction in the open market. The presentations made to lenders play a fundamental role in launching the business and ensuring the ESOP's long-term success. • Key questions we will address include: • What factors contribute to a compelling business presentation to a lender? • What are the crucial elements to focus on in your Confidential Information Memorandums (CIMs)? • How should calls be organized between potential lenders, advisors, and the ESOP, and at what stage in the life cycle should this occur? • Are all financial institutions equally capable of understanding and managing an ESOP as it matures? • Why is selecting a qualified institution essential for the ongoing needs and evolution of the ESOP? In this session, Verit Advisors, a prominent firm in the ESOP community, will engage in a dialogue with KeyBank to explore what makes a successful financing for the business and the bank. We'll highlight strategies for success and potential pitfalls to avoid and encourage audience participation to share their insights into what makes this process successful. Don't miss this opportunity to gain valuable insights into financing ESOP transactions.
Learning Objectives:
Understand the steps for securing external financing for an ESOP .
Recite strategies for a successful ESOP financing process.
Comprehend key decision points for selecting an ESOP lender and how that decision can support ESOP companies long-term success.
Jake Cravens, CFA
Managing Director Verit Advisors Chicago, IL
Doug Dell, CPA/ABV (inactive) (he/him/his)
Director, Middle Market Specialty Finance KeyBank Arvada, CO