Credit Suisse Investment Banking Pitch Book
CONFIDENTIAL
Solar Preliminary Timetable
Week 0
➤
Initial
Due Diligence
Milestone 1:
Saturn delivers
interest letter
▸ Saturn
(4 weeks)
commences due
diligence with
mgmt (exchange
of non-public
information)
▸ Milestone 2:
Saturn confirms
interest and
delivers detailed
term sheet
CREDIT FIRST
SUISSE BOSTON
Formation of
Private Equity
Syndicate
▸ Saturn
approaches
potential equity
investors and
debt financing
sources
Milestone 3:
Private equity
investors
selected;
sponsor group
formed
Due Diligence
and
Structuring
(4 weeks)
Sponsors
continue due
diligence
Sponsors jointly
create due
diligence
package for debt
financing
sources
► Initial
discussions with
potential debt
financing
sources
Milestone 4:
Sponsors
present proposal
(including price.
terms and
structure) to
Solar Board
▸
▸
Negotiation
and
Financing
(4 weeks)
Negotiate
merger
agreement and
related
documents
> Execute
definitive
transaction
documentation
12
Milestone 5:
Announce
transaction:
Regulatory
Finalize debt
financing
commitment
letters
Finalize sponsor▸ Negotiate
group
definitive
financing
agreements
Market debt
financing
► Receive HSR
and any other
required
regulatory
clearance.
24
(12 weeks)
▸ Prepare and file
HSR and any
other required
antitrust
notifications
▸ Solar and
Sponsor group
file requisite
SEC filings
Closing
25
(<1 week)
Close debt
financing
▸ Close and fund
transaction
6View entire presentation