medium · Private Credit & Debt underwriting-credit-analysis
In a unitranche structure of $300,000,000 with a 5% PIK component, the company has $60,000,000 EBITDA and $30,000,000 cash.
What is the Total Net Leverage after 1 year if EBITDA remains flat?
- 4.75x
- 5.25x
- 4.50x
- 5.00x
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