hard · Private Credit & Debt loan-structures-instruments
A distressed company with $75,000,000 in EBITDA is valued at 6.0 × EV/EBITDA for restructuring purposes. The debt consists of $300,000,000 in Senior Secured debt and $200,000,000 in Subordinated Notes. Professional fees are $15,000,000.
Which security is the fulcrum?
- Senior Secured
- Common Equity
- Both Tranches
- Subordinated Notes
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