medium · Private Credit & Debt portfolio-management-monitoring-workouts
An investor purchases senior unsecured notes at 45 cents on the dollar. The restructuring analysis suggests an enterprise value that would provide a 70% recovery on these notes.
If the restructuring takes 1 year, what is the expected IRR?
- 44.4%
- 70.0%
- 25.0%
- 55.6%
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