hard · Corporate Credit Analysis
A Unitranche facility of $250 million is priced at SOFR + 625 bp. Internally, a 'first-out' lender takes175 million at SOFR + 450 bp.
What is the implied 'last-out' lender's yield on the remaining $75 million?
- SOFR + 1033 bp.
- SOFR + 1250 bp.
- SOFR + 800 bp.
- SOFR + 625 bp.
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