hard · Private Equity & LBOs
During Year 2 of a hold, a company experiences a seasonal $15.0M working capital spike that exceeds its cash on hand, necessitating a revolver draw.
If the company began the period with $10.0M of cash and the spike occurs when the company has 0 net cash flow, what is the new net debt if the term loan balance is $200.0M?
- $190.0M
- $215.0M
- $200.0M
- $205.0M
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