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  "documentTitle": "Evercore | Investment Banking Pitch Book | 12 slides",
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  "notes": "The slide compares 100% debt financing vs. debt and PIPE financing across varying purchase price multiples and synergy levels.",
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      "text": "Source: FactSet, Montana Projections – Updated Case. Note: Last Four Quarters (LFQ) as of 6/30/11. Note: Deluxe existing credit facility limits pro forma leverage 12 months after the close of a transaction to 3.25x pro forma LFQ EBITDA.",
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