hard · Private Equity & LBOs
A distressed debt investor acquires the Senior Unsecured Notes of Omni-Global Corp at 45 cents on the dollar. The total claims are: Admin Priority (10M), Senior Secured (200M), and Senior Unsecured (100M).
If a restructuring waterfall determines the reorganization Enterprise Value is $270M, what is the expected recovery multiple for the investor?
- 1.56x
- 1.33x
- 2.22x
- 0.60x
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