medium · Private Credit & Debt documentation-covenants-terms
A DDTL can be drawn in 'multiples' of $1,000,000. A borrower has $5,400,000 in leverage headroom.
If they use $1,000,000 of their own cash to fund an acquisition, what is the maximum permitted DDTL draw they can request?
- $4,000,000
- $5,400,000
- $6,000,000
- $5,000,000
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