easy · Private Credit & Debt underwriting-credit-analysis
A middle-market borrower, Horizon Tech, has a capital structure consisting of a $60 million senior secured term loan and $40 million in subordinated notes.
With an EBITDA of $20 million, what is the senior leverage multiple?
- 2.0x
- 1.5x
- 3.0x
- 5.0x
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