medium · Private Equity & LBOs
A company has $300.0M of TLA debt. The credit agreement specifies a 10% mandatory amortization in Years 1-2, stepping up to 20% in Years 3-5.
What is the total mandatory principal repayment required during Year 3?
- 90.0M
- 48.0M
- 60.0M
- 30.0M
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