easy · Private Credit loan-structures-instruments
A unitranche facility of $150M is structured with a 'first-out' piece of $105M priced at SOFR + 350 bps and a 'last-out' piece of $45M priced at SOFR + 850 bps.
What is the blended interest rate margin the borrower pays on the total facility?
- 850 bps
- 600 bps
- 450 bps
- 500 bps
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