hard · Corporate Credit Analysis credit-metrics
A TLB agreement features a mandatory cash sweep of 75% of Excess Cash Flow (ECF). For the fiscal year, the firm generates EBITDA of $300 million, pays $60 million in cash interest and $40 million in cash taxes. Capex is $70 million, and a working capital build consumes $20 million. There is a mandatory amortization payment of $15 million already made.
What is the voluntary prepayment required by the sweep?
- $95.00 million
- $150.00 million
- $71.25 million
- $82.50 million
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