medium · Investment Banking
SteelBridge Manufacturing is undergoing a leveraged buyout. If the company has a Year 1 EBITDA of $42M and its Senior Debt is $96M with a $13.2M mandatory annual amortization, what is the Senior Secured Leverage ratio at the end of Year 1?
- 1.97x
- 2.29x
- 1.66x
- 2.50x
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