medium · Private Credit & Debt underwriting-credit-analysis
A mezzanine lender attaches at 4.5x EBITDA and detaches at 5.5x EBITDA.
If the company is valued at 9.0x EBITDA, what is the attachment LTV for the mezzanine tranche?
- 11%
- 50%
- 39%
- 61%
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