medium · Private Credit portfolio-management-monitoring-workouts
In a distressed workout of Horizon Staffing, the company is sold for 120M. The debt includes a8.5M Revolver and a $128M Unitranche facility.
If the Revolver has absolute priority, what is the recovery percentage for the Unitranche holders?
- 81 %
- 100 %
- 87 %
- 94 %
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