medium · Private Equity & LBOs
An LBO model shows Year 1 EBITDA of $50.0M, Interest of $15.0M, Taxes of $5.0M, and Capex of $10.0M. The TLA mandatory amortization is $15.0M and the TLB mandatory amortization is $2.0M.
What is the resulting 'Excess Cash Flow' (ECF) available to be swept?
- 3.0M
- 18.0M
- 5.0M
- 20.0M
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