easy · Debt Capital Markets
A borrower has a 'General Basket' of $50 million for Restricted Payments.
How does this differ from the Builder Basket?
- The General Basket must be repaid within 360 days of use.
- The General Basket is only available if the builder basket is empty.
- The General Basket can only be used to pay interest, not dividends.
- The General Basket is a flat amount that doesn't grow with earnings.
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