medium · Private Credit underwriting-credit-analysis
Titan Industrial reports EBITDA of $60 million and has $360 million of senior debt. The sponsor identifies $12 million in projected cost synergies but the credit agreement caps pro-forma synergies at 15% of reported EBITDA.
What is the Covenant Senior Leverage multiple?
- 5.14x
- 6.00x
- 5.00x
- 5.22x
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