medium · Private Equity advanced-lbo
A 'Unitranche' facility of $200M is created by blending a 'First-Out' tranche of $120M at 6% interest and a 'Last-Out' tranche of $80M at 11% interest.
What is the blended interest rate of the Unitranche?
- 8.5%
- 7.5%
- 8.0%
- 9.0%
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