medium · Corporate Credit Analysis
A company has $400 million of LTM EBITDA. It is acquiring a target for $1,000 million funded entirely with new debt. The target has $120 million of LTM EBITDA, and the acquirer expects $30 million in annual synergies.
What is the 'Pro-Forma Synergy-Adjusted' total leverage if existing debt is $1,500 million?
- 4.31x
- 4.55x
- 4.81x
- 5.00x
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