hard · Private Credit & Debt
A leveraged loan is priced at SOFR + 575 bps with a 1.00% SOFR floor.
If the current 3-month Term SOFR is 0.65%, what is the all-in coupon rate paid by the borrower?
- 5.75%
- 6.40%
- 7.40%
- 6.75%
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