medium · Private Credit loan-structures-instruments
A DIP lender provides $100,000,000 to 'Jupiter Power'. The pre-petition debt was $400,000,000 Senior Secured. Reorg value is $450,000,000.
If professional fees are $10,000,000, what is the recovery rate for the pre-petition Senior Secured lenders?
- 87.5 %
- 112.5 %
- 85.0 %
- 100.0 %
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