medium · Private Credit & Debt underwriting-credit-analysis
A company has $100,000,000 in debt, $25,000,000 in EBITDA, and $10,000,000 in cash. The credit agreement allows cash netting up to 2.0x EBITDA.
What is the Net Leverage?
- 3.6x
- 4.0x
- 2.0x
- 3.2x
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