medium · Private Credit loan-structures-instruments
Horizon Staffing is required to maintain Minimum Liquidity of $7.5 million. Currently, the company has $1.2 million in cash. Its Revolving Credit Facility has a $20.0 million commitment, with $11.5 million currently drawn and $1.8 million in outstanding Letters of Credit (LCs) which reduce availability.
What is the company's total liquidity and its status?
- $8.5 million; Pass
- $6.7 million; Fail
- $7.9 million; Pass
- $9.7 million; Pass
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