medium · Private Credit & Debt underwriting-credit-analysis
A company reports EBITDA of $34.4 million. Lenders agree to adjustments including $1.2 million in one-time transaction fees and $2.5 million in projected synergies.
If the company has $200 million in total debt, what is the difference between the reported leverage and the adjusted leverage ratio?
- 0.55x
- 0.20x
- 1.10x
- 0.88x
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