medium · Private Credit loan-structures-instruments
A 150 million unitranche facility has a 4% PIK component. If the company is sold after 4 years for $600 million and has $350 million in senior debt (non-accreting), what is the residual equity value after settling all debt?
- $90.00 million
- $250.00 million
- $100.00 million
- $74.52 million
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