medium · Private Equity & LBOs
A mezzanine lender provides $50M in debt with a 5% cash coupon and 4% PIK interest.
At the end of a 5-year hold, what is the closing balance of the mezzanine facility assuming no interim principal repayments?
- $60.8M
- $76.9M
- $60.0M
- $52.0M
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