easy · Private Credit documentation-covenants-terms
A borrower has a unitranche facility with a reference rate of SOFR + 600 bps and a 1.00% SOFR floor.
If the current SOFR rate drops to 0.25%, what is the all-in interest rate the borrower must pay?
- 7.00%
- 1.00%
- 6.00%
- 6.25%
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