Case | HBS Case Collection | July 1986 (Revised March 1989)

Jim Southern

by Howard H. Stevenson


A recent MBA graduate has reached tentative agreement for an LBO of a forms-printing business with $43 million sales. At the eleventh hour, however, the seller has demanded that the buyer personally guarantee $4 million of accounts payable.

Keywords: Agreements and Arrangements; Leveraged Buyouts; Accounting;


Stevenson, Howard H. "Jim Southern." Harvard Business School Case 387-009, July 1986. (Revised March 1989.)