hard · Private Equity & LBOs
An industrial company has the following financials: EBITDA = $100M, Interest Expense = $30M, Cash Taxes = $20M, Capex = $25M, and an increase in Net Working Capital of $5M. The credit agreement requires an 'Excess Cash Flow Sweep' of 75%.
How much debt is repaid via the sweep?
- 37.5M
- 52.5M
- 20.0M
- 15.0M
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