medium · Private Credit & Debt underwriting-credit-analysis
A $100,000,000 RCF has a springing threshold of30%. Drawdown is $28,000,000. Leverage limit is 5.0x. EBITDA is $20,000,000 and Net Debt is $110,000,000. Outcome?
- Not triggered.
- Triggered and compliant.
- Triggered and breached.
- Breached; leverage is 5.5x.
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