hard · Private Credit portfolio-management-monitoring-workouts
A company has a total enterprise value of $440 million and $220 million in total debt. The senior secured debt represents 4.0× EBITDA ($160 million).
If the company's enterprise value declines by 64%, what is the estimated recovery for the senior secured lender?
- 93%
- 0%
- 36%
- 100%
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