How do you deal with frustrating OC? LBO transaction. We're seller's counsel, obviously interested to close. OC is painfully slow. We're sending drafts that reach a month old w/o comment. We've pushed closing back at this point by a month, still indefinite (LOI signed in 22!). We trade drafts w/ OC, settle on a material point, 2 drafts later they reopen it on no new info (literally said they "forgot" to comment on it).

How would u deal?

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Very unlikely to be OC’s fault. Most likely their client is dragging its feet.

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Agreed.

Sub $50mm, small deal for my market but we're helping a firm friend in a smaller, relatively close market.

They don’t want to close the deal. Time to pull the termination trigger.

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This is what I've been thinking and we said it pretty plainly on our last lawyers' call. Got a lot of hemming and hawing. No break-up fee so we're just here waiting to see if they'll close.

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