medium · Private Credit & Debt portfolio-management-monitoring-workouts
A company enters bankruptcy with 250 million in total claims: a20 million Revolver, a 140 million First Lien Term Loan, a40 million Second Lien Term Loan, and 50 million in unsecured debt.
If the assets are liquidated for150 million, what is the recovery rate for the First Lien Term Loan holders?
- 60%
- 92.9%
- 100%
- 75%
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