medium · Private Credit loan-structures-instruments
A company has $50 million of senior debt and $30 million of subordinated debt. In a downside scenario, EBITDA drops to $12 million.
If the market EV/EBITDA multiple for distressed peers is 5.0x, where does the 'Fulcrum Security' lie?
- Senior Debt
- Common Equity
- Subordinated Debt
- Preferred Equity
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