medium · Private Credit loan-structures-instruments
A $200,000,000 unitranche facility is bifurcated into a first-out (FO) tranche of $140,000,000 priced at SOFR + 400 bps and a last-out (LO) tranche of $60,000,000 priced at SOFR + 950 bps.
What is the blended interest rate spread of the total facility?
- 565 bps
- 675 bps
- 450 bps
- 515 bps
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