medium · Private Credit & Debt loan-structures-instruments
A $250,000,000 debt structure consists of a $175,000,000 first-lien tranche at SOFR + 475 bps and a $75,000,000 second-lien tranche at SOFR + 925 bps.
What is the blended spread for the total debt package?
- 700 bps
- 550 bps
- 650 bps
- 610 bps
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