medium · Private Credit & Debt underwriting-credit-analysis
A manufacturer reports $30 million in EBITDA and $180 million in debt. They propose adding back $2 million for 'unusual' supply chain disruptions and $3 million for pro-forma cost savings.
If the lender accepts only 50% of each, what is the adjusted leverage?
- 5.54x
- 5.71x
- 5.14x
- 6.00x
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