medium · Private Equity advanced-lbo
A unitranche loan of $100M is split behind the scenes with an Agreement Among Lenders (AAL).70M is 'first-out' at 6% and $30M is 'last-out' at 11%.
What is the blended interest rate to the borrower?
- 8.5%
- 6.0%
- 11.0%
- 7.5%
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