medium · Private Credit underwriting-credit-analysis
A Unitranche facility of $150,000,000 includes a 1% annual mandatory amortization.
If the initial leverage is 5.0x on $30,000,000 EBITDA, and EBITDA is flat, what is the leverage at the end of Year 1 after the payment?
- 5.00x
- 4.95x
- 4.90x
- 4.85x
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