hard · Private Credit documentation-covenants-terms
A credit manager is evaluating a senior loan marked at $0.96. The loan pays SOFR + 600 bps, and SOFR is 4%. If the loan is expected to be repaid at par in 2 years, calculate the Yield to Takeout (approximate).
- 12.50%
- 11.00%
- 10.00%
- 14.42%
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