medium · Private Credit documentation-covenants-terms
A direct loan of 50M has a 1.00% SOFR floor and is priced at SOFR + 575 bps.
If the current SOFR rate is 0.50% and the loan is marked at 98.0 (fair value), what is the current yield?
- 6.89%
- 7.12%
- 6.75%
- 6.38%
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