medium · Private Credit & Debt documentation-covenants-terms
A 50M RCF has a margin of SOFR + 350 bps and an undrawn commitment fee of 140 bps.
If the borrower draws20M while SOFR is 4.5%, what is the total annual cost of the facility in dollars?
- $2.02M
- $4.00M
- $1.88M
- $2.30M
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