The Importance of Understanding the Debt Load

I heard about a story. To this day, I shake my head and go, that can't be possible. It speaks to the importance of understanding if you are going to sell to a private equity group, what is the debt load that they are going to use? Because whether or not you have to personally guarantee the debt, which would be unusual. And somebody selling a business says every right to know, are you buying this with cash? Are you buying it with debt? What is the plan? How does your debt work? If you are a fund, which we are not, but if you're a fund, a really good question for people to ask is like, where are you