medium · Private Equity
Calculate the year-end balance of a $100M Term Loan B (TLB) assuming the following: the loan has a 1% mandatory annual amortization, a 100% excess cash flow sweep, and the company generates $15M of Cash Flow Available for Debt Service (CFADS) in Year 1.
- $85M
- $99M
- $84M
- $86M
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