medium · Private Credit documentation-covenants-terms
A 1L term loan has a margin of L + 550 and was issued with 1.5% OID (98.5 price).
If SOFR floors are at 1.00% and the current SOFR is 0.25%, what is the total current yield of the loan?
- 6.50%
- 7.11%
- 6.60%
- 5.84%
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