Question $30$ of $34$

Consider the Sources & Uses shown in the attached image for the leveraged buyout of a Canadian public company. If this were a leveraged buyout of a Private company, how would this Sources & Uses schedule differ?

A$)$ The management Rollover would not exist because the management teams of private companies rarely own shares in their companies.

B$)$ The Assume$/$Replace Target's Debt line would not exist because when a private company is acquired, the PE firm must repay the company's entire Debt balance right away using investor equity.

C$)$ The transaction and Financing fees would be lower because banks tend to charge lower percentages on deals involving private companies.

D$)$ the Uses side would be based on Purchase Enterprise Value, and the Assume$/$Replace Target's Debt and Execess Cash lines would not exist.

E$)$ All of the above.