medium · Private Credit & Debt underwriting-credit-analysis
A $40,000,000 RCF has a35%spring and a5.5xleverage limit.14,500,000 is drawn. Net Debt is $150,000,000 and EBITDA is $25,000,000. Result?
- Compliant because leverage is exactly 5.5x.
- Triggered and breached.
- Triggered and compliant.
- Not triggered.
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