hard · Private Equity & LBOs
In a Sources and Uses table, the Equity Purchase Price is $400.0M, Fees are $30.0M, and existing debt is $200.0M. Sources include a $300.0M Term Loan and a $250.0M Equity Check.
If the sponsor wants to maintain $15.0M of cash at close, what is the mandatory revolver draw?
- $110.0M
- $80.0M
- $65.0M
- $95.0M
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